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Protect your financial future – Identify. Prevent. Report
Financial fraud steals more than money — it robs hundreds of thousands of people of their hopes, dreams, and futures every year. With more than $10 billion in reported losses in 2023 alone, it’s time to take a stand against scams.
According to recent Federal Trade Commission (FTC) data, consumers reported losing more than $10 billion to fraud in 2023 which is a 14% increase over 2022. Consumers report losing more than $4.6 billion in investment scams which is a 21% increase over 2022 as the highest reported loss. Consumers reported losing nearly $2.7 billion to imposter scams as the second highest. The reported loss to bank transfers and cryptocurrency was more than all methods combined.
SaviBank wants to share with our customers and the community the Washington State Department of Financial Institutions (WADFI) statewide advertising campaign – “$10 Billion Reasons” – to learn how to identify, prevent, and report financial fraud. Click the image below for more information.
To view the full WADFI press release and FTC infographic, please visit: