Fraud linked to the COVID-19 pandemic has cost Americans $382 million, according to the Federal Trade Commission.

Seniors reported the largest losses related to coronavirus scams. The median loss for those in their 80s was $900.

Criminals have stolen money via a number of scams: those related to stimulus checks, unemployment benefits, COVID vaccines, fake virus cures and charities, for example.

“No matter what happens with the pandemic, we know fraud is not going away,” said Brian Munsterteiger, Vice President-Enterprise Fraud at RBFCU. “Just as people were encouraged in the past year to do things to protect their health, we encourage everyone to be careful as they conduct their financial transactions.”

With financial fraud on the rise, Randolph-Brooks Federal Credit Union has listed tips on how to protect your information and passwords online.


“Fraud stemming from members giving up their OTP (one-time passcodes) to fraudsters is on the…

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