Scammers use many tricks to steal money and personal information from regular people. In 2024, the FBI reported that fraud losses reached over $12.5 billion in the United States alone. Learning about the most common scams helps you stay safe and protect yourself. Here are four types of scams you should know about.
1. Phishing Scams
Phishing scams happen when fraudsters send fake emails or text messages that look like they come from real companies like your bank, Netflix, or Amazon. These messages ask you to click a link and enter your password, credit card number, or other private details. According to the FTC, phishing accounts for millions of reported cases each year. For example, you might get an email saying your account was locked and you need to click a link to fix it. That link goes to a fake website that steals your information. About 91 percent of all cyberattacks start with a phishing email. Never click links in unexpected messages and always check the sender’s email address before responding.
2. Tech Support Scams
Tech support scams happen when someone calls you or sends a message saying your computer has a virus and they need to fix it right now. These scammers pretend to work for big companies like Microsoft, Apple, or your internet provider. They might even sound like real tech workers and use scary words to make you panic. In 2023, the FTC collected over $60 million in complaints about tech support fraud. For example, a scammer might call saying your Windows license expired and you need to pay $200 to renew it. They could even get real access to your computer and steal your banking passwords. Real tech companies never call customers without the customer asking first. If someone says your computer is broken, shut down your phone and call your company’s official support number.
3. Investment Scams
Investment scams promise you will make lots of money quickly with very little risk. These frauds often show fake websites, charts, and success stories that look real. According to the Securities and Exchange Commission, investment fraud cost Americans over $3.9 billion in 2023. For example, a scammer might contact you on social media saying they have a special crypto trading app that gives 20 percent returns every month. They ask you to send Bitcoin or cash to start. You might see fake profits growing in your account for a few weeks, but when you try to withdraw your money, you cannot. Cryptocurrency scams are especially common because they are hard to track. Remember that no real investment gives guaranteed high returns with zero risk. Always check if the company is registered with government regulators before putting money in.
4. Relationship Scams
Relationship scams, also called romance scams, happen when fraudsters pretend to love you or want to be your friend so they can steal your money. These scammers use dating apps, social media, or chat rooms to find people. They spend weeks or months building trust and talking like they care about you. The FTC reported that romance scams cost victims over $1.3 billion in 2023, which is more than double the amount from 2020. For example, a scammer might say they work overseas as a doctor or soldier and need money for a plane ticket to visit you. Or they might say they have a business emergency and need help paying bills. They send fake photos and use names from real people. Never send money to someone you have only met online. Real friends and partners do not ask for money before meeting in person.
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Imposter scams (trusted person or organization) In 2024–2025 FTC data show imposters remain the most costly: banks, government agencies, and tech support are the usual fronts, with losses climbing into the billions annually. A concrete example: a caller posing as a bank fraud investigator persuades the victim to transfer funds to a “secure” account, then disappears—we saw thousands of these cases across the U.S. in the past year. Tips to spot them: verify the caller’s identity through official numbers, never share full SSNs or passwords, and pause before actions that feel urgent.
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