Fraud and Scams

About 1 in every 5 Americans has lost money to an online scam or attack.

As technology evolves, so do the tactics of foreign and domestic bad actors who move faster, hide better, and strike more aggressively than ever. Fraud prevention is a core feature of the financial system and the networks that power payments and commerce. It's central to why Americans trust the services they use to move and store their money.

Fighting fraud is a system-wide effort. It requires every part of the ecosystem to act: government, businesses, financial institutions, payment networks, social media platforms, telecommunications companies, and law enforcement each play a unique role. Everyone must work together and stay vigilant to keep Americans' money safe.

Every sector that scammers target must operate under the same clear standards and responsibilities. When gaps remain, bad actors move faster than enforcement, and consumers pay the price.