How to Spot, Stop, & Report Government Imposter Scams

March 5, 2021

The ABA Foundation and the Federal Trade Commission yesterday released a new infographic highlighting the problem of government impostor scams. In 2020, 498,000 impostor scams were reported to the FTC by consumers and nearly one in five reported losing money, with reported losses totaling nearly $1.2 billion. Almost one-third of the scams involved someone posing as a government representative.

In impostor scams, scammers will typically call, email, text or direct message consumers on social media, often claiming that back taxes are owed or that jury duty was missed and threatening victims with fines or arrest. Some scammers claim that Social Security or Medicare benefits are being withheld due to COVID-19, in an attempt to trick victims into clicking on a link or handing over personal information. The infographic—which banks are free to share with customers, in branches and on social media—provides tips for consumers on how to spot these potential scams and how to report them.

Protection You Can Count On

Identity theft takes a serious toll on its victims. Americans lost over 19.7 billion to phishing scams in 2020 alone. Identity theft can happen to anyone and can drain your accounts, damage your credit, endanger your employment, and cost you money to repair. Fortunately Security Bank has the perfect account – designed with you in mind, our ID Secure Checking delivers cutting edge protections and is loaded with valuable benefits designed for you. In addition to all the convenient banking features you’ve come to expect from Security Bank, you’ll enjoy vital protection for your family and finances. And if you fall a victim of identity theft, our experts will provide professional fraud resolution, and a recovery plan to restore your credit and your identity.

ID Secure from Security Bank – Protection you can count on.  

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