Email scams are on the rise and have increased 111% from 2018 to 2022, with losses totaling over $2.7 billion in 2022, according to the FBI Internet Crimes Report.
Using social engineering, email scammers gain the trust of a targeted person with the goal of getting them to send funds to a different person or entity than originally intended. Here are some things to know about email scams, so you can help protect yourself and your assets.
Scammers typically interject themselves into your normal transactions to change the destination of the funds.
Common occurrences include:
Knowing what to do and what to look for is critical to avoid becoming a victim of an email scam.
Bookmark our new site, citi.com/fraudprevention for the latest updates on common scams and how to spot them.
Remember: When in doubt, do not act.