Citi Survey Finds Overconfidence May Leave Americans Exposed to Financial Scams
"Today's scammers are nimble, well-organized and aided by sophisticated tools," said Michael Steinbach, Head of Financial Crimes and Fraud Prevention at Citi.
- "Today's scammers are nimble, well-organized and aided by sophisticated tools," said Michael Steinbach, Head of Financial Crimes and Fraud Prevention at Citi.
- Americans reported $8.8 billion in scam losses to the Federal Trade Commission in 2022 — a 30% increase over 2021.
- 32% of Gen Z report being victims of financial scams — the highest of any age group.
- What's more, 1 in 10 Americans report employing none of the scam prevention tactics presented to them in the survey.