Protecting Yourself from Common Scams in 2025

At Liberty Savings Bank, we take protecting our customers from fraud very seriously. Scammers are constantly coming up with new ways to steal your money and personal information, so it's important to be aware of the latest threats.

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Scams to look out for in 2025

Keep an eye out and stay informed about scams. Scammers are always coming up with new tricks, so being aware is super important for keeping your personal and financial info safe.

Here's a few to be aware of:

Investment scams

These scams often involve promising high returns on investments that are too good to be true. Scammers may use fake websites, social media accounts, or cold calls to lure victims into investing their money.

Tech support scams

These scams typically involve scammers pretending to be from a reputable company like Microsoft or Apple. They will call or email victims claiming to be able to fix a problem with their computer or phone. The scammers will then try to get the victim to give them remote access to their device or to pay for expensive repairs that are not needed.

Romance scams

These scams involve scammers creating fake online profiles to build relationships with victims. The scammers will then try to get the victim to send them money or gifts.

Phishing scams

These scams involve scammers sending emails or text messages that appear to be from a legitimate company or organization. The scammers will try to get the victim to click on a link or attachment that leads to a malicious website or file.

Employment scams

These scams involve scammers offering victims fake jobs. The scammers will often ask for money upfront for things like application fees or background checks.

Grandparent scams

These scams involve scammers pretending to be a grandchild or other relative in distress. The scammers will tell the victim that they need money for an emergency.

Charity scams

These scams involve scammers pretending to be from a legitimate charity. The scammers will ask for donations to support a cause that is not real.

Fake sweepstakes

These scams involve scammers sending out emails or letters claiming that the victim has won a prize in a sweepstakes. The scammers will then ask for the victim to pay a fee to claim their prize.

Crypto scams

These scams involve scammers offering victims to invest in cryptocurrency or other digital assets. The scammers will often use fake websites or social media accounts to lure victims into investing their money.

Social media scams

These scams involve scammers using social media platforms to scam victims. The scammers may create fake profiles, post fake ads, or send out fake messages.

Here are some tips on how to protect yourself from scams:

• Be aware of the latest scams. Scammers are constantly coming up with new ways to steal your money and personal information, so it's important to stay up-to-date on the latest threats. You can sign up for scam alerts from the FTC or other reputable organizations to stay on top of it.
• Learn about what scammers say and do. Scammers often use the same tactics over and over again. By learning about these tactics, you can be better prepared to spot a scam.
• Check out resources in multiple languages. Scammers often target people who don't speak English fluently. If you don't speak English fluently, be sure to check out resources in your native language.
• Share what you know about scams with your friends and family. By talking to your friends and family about scams, you can help them to protect themselves.

If you think you have been the victim of a scam, please report it to the FTC at https://reportfraud.ftc.gov/.

By following these tips, you can help to protect yourself from scams and keep your money safe. If you have any questions about scams or how to protect yourself from fraud, please don't hesitate to contact Liberty Savings Bank. We are here to help.