Fraud Prevention

Don’t Get Butchered: How to Spot and Stop “Pig Butchering” Scams You get a friendly, seemingly random message on social media, WhatsApp, or a dating app. The conversation turns to cryptocurrency or other “can’t-miss” investment opportunities. Before you know it, you’re being guided to send money to a platform that looks legitimate, only to watch your investment—and your new “friend”—vanish. This isn’t just bad luck; it’s a sophisticated fraud known as “pig butchering,” and authorities are sounding the alarm. ...

What a New Survey Says About Banking Fraud—And How to Protect Yourself A recent survey from the American Bankers Association (ABA) conducted by Morning Consult offers a snapshot of how consumers feel about their banks’ fraud protection efforts. The findings, released in the fall of 2025, suggest a generally high level of consumer satisfaction. While this is encouraging news, it’s not a reason for complacency. Understanding these perceptions and pairing them with proactive personal security measures is crucial for true financial safety. ...

The “Pig Butchering” Scam: How to Recognize and Avoid This Costly Fraud Imagine receiving a friendly, seemingly accidental message from a stranger. They’re charming, engaging, and over weeks or months, a trusting relationship blossoms. Then, they present an exclusive investment opportunity with guaranteed high returns. If this sounds familiar, you might be the target of a “pig butchering” scam. Recently, New York Attorney General Letitia James issued a stark consumer alert warning residents about this sophisticated and devastating fraud. Understanding how it works is your first and best defense. ...

Bank Fraud Protection Gets High Marks, But Your Vigilance Still Matters A recent series of surveys from the American Bankers Association (ABA) offers a snapshot of how Americans feel about their banks and, importantly, the security measures protecting their money. The key takeaway is largely positive: a significant majority of U.S. consumers report being happy with their bank and specifically applaud banks’ fraud protection efforts. This is encouraging news, suggesting that financial institutions are investing in and deploying tools that customers notice and appreciate. ...

What the FTC Wants You to Know About Today’s Scams Every day, scammers refine their tactics, looking for new ways to trick people out of their money and personal information. Keeping up with their latest schemes is one of the best defenses you have. Recently, as part of National Consumer Protection Week, the Federal Trade Commission (FTC) held a webinar to shed light on the most prevalent and emerging scam trends affecting consumers right now. ...

The Long Con: Understanding and Avoiding “Pig Butchering” Scams You meet someone online. The conversation starts casually—perhaps on a social media platform, a dating app, or even via a seemingly wrong-number text. They’re friendly, engaging, and over weeks or months, a bond of trust develops. Then, they mention a lucrative investment opportunity. You make a small initial deposit and watch your returns soar on a slick-looking website. Encouraged, you invest more. And then, when you try to withdraw your now-substantial “profits,” the platform stalls, the contact vanishes, and your money is gone. ...

Why Reporting Fraud is Your First Line of Defense In an increasingly digital world, scams have evolved from simple cons to sophisticated schemes that can target anyone. While the instinct after encountering a fraud attempt might be embarrassment or a desire to forget it happened, the most powerful action you can take is to report it. Recent alerts from organizations like AARP Virginia highlight a continuous stream of threats, from IRS impostors to fake travel deals, underscoring that fraud is not a rare event but an ongoing risk. Reporting isn’t just about your own loss—it’s a critical tool for community safety and disrupting criminal operations. ...

What the FTC Wants You to Know About Today’s Top Scams If you feel like you’re hearing about more scams lately, you’re not wrong. Fraud is evolving, and scammers are becoming increasingly sophisticated in their attempts to steal money and personal information. To mark National Consumer Protection Week this past March, the Federal Trade Commission (FTC) held a webinar focusing on the latest tactics used by criminals. Their message was clear: awareness is your first and most powerful line of defense. ...

The Long Con: How “Pig Butchering” Scams Fatten Victims for Slaughter You receive a friendly, seemingly accidental message on social media, a dating app, or even WhatsApp. The conversation starts casually, grows into regular chats, and over weeks or months, a relationship or friendship develops. Then, the topic of a lucrative, “can’t-miss” investment opportunity arises. If this scenario sounds familiar, you may be the target of a devastating fraud known as “pig butchering.” ...

Survey Says: Bank Customers Feel Secure. Are They Right? A recent national survey conducted for the American Bankers Association (ABA) in Fall 2025 shows a clear trend: a strong majority of U.S. consumers are satisfied with their bank and specifically applaud its efforts to protect them from fraud. On the surface, this is great news. It suggests that financial institutions are successfully implementing security measures that customers notice and appreciate. ...