The Federal Trade Commission recently reported that consumers faced losses of $470 million due to text message scams, a significant increase compared to 2020, despite fewer reports being made. The prevalent scams include fake package alerts and task scams enticing individuals with online job offers that ultimately ask for investments. Consumers are advised to forward suspicious texts to 7726, utilize reporting features on their messaging apps, and report scams to the FTC. To prevent victimization, individuals should avoid clicking on unknown links and verify communications through known channels.
Recent data from the Federal Trade Commission (FTC) reveals that consumers lost $470 million to text-based scams, five times higher than 2020 despite lower report numbers.
Fake package delivery messages and bogus job opportunities, known as task scams, are the most reported text scams, deceiving consumers into monetary loss.
To combat text message scams, consumers are advised to forward suspicious messages to 7726, report them through messaging apps, and contact the FTC.
To avoid scams, individuals should never click links in unexpected texts and should directly reach out to companies using trusted contact information.
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