How much money has bank of America lost to imposter scams?

Unfortunately, Gabrielle’s story isn’t unique. Americans lost $2.3 billion to imposter scams in 2021 alone — with scammers regularly posing as bank employees to gain their victims’ trust [ * ]. If you’re a Bank of America (BoA) customer, you need to be aware of the latest scams targeting your accounts and finances.

Are there any scams in Portugal?

In Portugal, there are very few scams. Petty theft is a bit of a problem, and pickpockets and bag-snatchers do exist in Lisbon, but it’s nowhere near as bad as it is in other cities like Barcelona or Rome. That said, there are a handful of scams (and things that seem like scams) that you should watch out for. Euronet ATMs (not a scam, but still…)

What are the most common bank of America scams?

Yet, while the approach is simple, the scams themselves are often sophisticated and hard to identify. The latest Bank of America scams include: Impersonation scams. Fraudsters pose as Bank of America employees, law enforcement, or other officials over the phone and pressure you into sending them money or giving up account details.

What is a bank of America account verification Scam?

Account verification scams. Scammers create a sense of urgency by sending fake fraud alerts or other messages claiming there’s an issue with your account. But any information you share to “verify” your identity goes straight to them. Smishing texts. Bank of America will text customers about account updates or transactions.