The Social Security scam cost Americans $ 64 million last year
The Social Security scam cost Americans $ 64 million last year

The Social Security scam cost Americans $ 64 million last year

The social services have warned people about fake text messages and e-mails.

The Social Security scam cost Americans millions last year

The messages claim to be from the Social Security Administration, but are really a scam.

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How does the scam work?

Last year, there were over 568,000 reports of social security-related fraud attempts last year. It amounted to about $ 64 million in losses for the victims. Read more about it here.

This year, there have already been more than 31,000 fraud complaints. Government officials say there are likely to be more incidents that are not reported because people are ashamed or embarrassed.

Scammers will try to use fear to get an answer from people without thinking about it. They use a variety of tricks to try to get important personal information like bank details or your CPR number.

Scammers can threaten to arrest you for not paying their fee. There are also cases of fabricated government stamps being sent. They use fake identification numbers and a fake letterhead from the Social Security Administration.

If you are told to transfer money but gift cards, or pay with cryptocurrency, you can be sure that it is fraud.

Public officials are currently involved in 46 major criminal investigations with individuals or companies involved in the scam.

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