What are "scam alerts"?

"Scam alerts" refer to notices issued by consumer protection agencies that warn the public about potential fraud schemes. These alerts are aimed at informing consumers about specific scams that may be circulating, often detailing how the scam operates, what signs to look for, and providing guidance on protective measures.

This information is crucial as it enables consumers to make informed decisions and avoid falling victim to fraudulent activities. By staying updated on these alerts, individuals can be more vigilant and proactive in protecting themselves against scams, especially since fraudsters frequently change their tactics.

Understanding the role of consumer protection agencies in issuing these alerts highlights the importance of remaining aware of potential risks in the marketplace and underscores the value of vigilance when it comes to financial transactions and interactions with unfamiliar entities.