Central Bank of St. Louis
Every year, millions of consumers fall victim to cybercrime. According to the FBI’s Internet Crime Complaint Center, in 2015, consumers lost more than $1 billion from scams initiated through the web. In recognition of June Internet Safety Month, here are seven tips to help consumers protect themselves from online fraud.
“The Internet has become one of the most popular tools used to commit fraud and criminals are becoming more and more sophisticated with their hacking techniques,” said Kathy Koestner, Vice President of Information Security. “As a result, it’s extremely important for consumers to use only trusted secured wireless networks when completing their financial transactions and understand all personal information shared online can be used by fraudsters to commit online fraud.”
American Bankers Association, 2016