Consumers should take greater care when conducting transactions online. According to the 2018 BBB Scam Tracker Risk Report, consumers are more likely to lose money to scammers when they are approached online.
In recognition of Military Consumer Month, the Better Business Bureau Institute for Marketplace Trust and the Association of Military Banks of America will release a new report later this month on military consumers and marketplace trust.
According to the recently published 2018 BBB Scam Tracker Risk Report, military consumers lose significantly more money to scammers than non-military consumers. When exposed to a scam, the losses are greater at $200 vs. $150—a 33% difference.
This article is the second in a series on the emerging world of digital assets. Additional articles explore Initial Coin Offerings, digital tokens, the virtual currency regulatory landscape, and tips to avoid fraud and scams in this area.