Better Business Bureau Scam Tracker Risk Report for 2024 shows investment related scams at riskiest reported: VERIFY Fast Facts

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Better Business Bureau Scam Tracker Risk Report for 2024 shows investment related scams at riskiest reported: VERIFY Fast Facts

//business-finance.news-articles.net/content/202 .. cams-at-riskiest-reported-verify-fast-facts.html

Published in Business and Finance on Wednesday, March 26th 2025 at 18:01 GMT by WKYC
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Scam Tracker Risk Report is out for 2024, and the results show the riskiest scams reported by consumers are investment scams. The thing these scams have in common is they prey on the desire to make money fast,

The Better Business Bureau (BBB) released its 2024 Scam Tracker Risk Report, highlighting a significant increase in investment-related scams, which now rank as the riskiest type of fraud reported. According to the report, these scams have seen a 20% rise in median dollar loss, with victims losing an average of $5,000. The scams often involve cryptocurrency, with fraudsters using social media and online ads to lure victims with promises of high returns. The report also notes a shift in scam tactics, with more scams originating from online sources rather than phone calls, and an increase in scams targeting younger adults aged 18-34. Additionally, the BBB advises caution with online shopping scams, employment scams, and fake check scams, which continue to be prevalent. The report emphasizes the importance of verifying the legitimacy of investment opportunities and being wary of unsolicited offers, especially those promising quick or high returns.

Read the Full WKYC Article at:
[ https://www.msn.com/en-us/money/personalfinance/better-business-bureau-scam-tracker-risk-report-for-2024-shows-investment-related-scams-at-riskiest-reported-verify-fast-facts/ar-AA1BIQSD ]

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