Two in five adults experienced some kind of financial fraud or scam during the past year, a 34% increase over the same period a year earlier, a new Bankrate survey found. What’s driving this increase?
Financial scams are becoming more common because of the many different touch points you can have with scammers and the rapid proliferation of new technologies, especially artificial intelligence.
Sarah Foster, a U.S. economic analyst at Bankrate to dive into how fraudsters could be targeting your finances, and what you can do about it.
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Trust your gut feeling—if a transaction or a conversation feels pressured, overly emotional, or “off,” stop all communication immediately and seek a second opinion from a trusted friend or professional.