The Federal Trade Commission (FTC) reports that consumers lost $5.7 billion to investment scams in 2024. That's a 24% increase from the previous year.

Taking proactive steps right now to guard against financial fraud makes a lot of sense if you want to prevent the stress that comes with the threat of financial scams.

Here are some basic steps you and your loved ones can take to prevent falling victim to those trying to separate you from your hard-earned money:

• Educate Yourself and Loved Ones: Talk to family members, especially older individuals, about how to recognize and avoid scams. This infographic provides a snapshot of current fraud trends. 
   
• Secure Your Accounts: Use strong, unique passwords and enable two-factor authentication for online accounts.
   
• Verify Requests: Always confirm with a trusted and verified source before sending money or sharing personal information.
   
• Stay Informed: The tactics of scammers evolve constantly. Regularly update yourself on the latest scams by following news reports, government websites, or consumer protection agencies, including the Nebraska Department of Banking and Finance. The FTC provides regular updates on the latest scammer tactics.

If you or a loved one think you may the victim of a financial scam, submit a complaint to NDBF.