BBB: Military personnel more vulnerable to scams

Published: Jul. 29, 2019 at 5:50 PM CDT
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According to a report by the Better Business Bureau, members of the military and their families suffer higher losses due to scams. In 2018, military consumers filed more complaints about securing and maintaining their homes, moving, and purchases related to relocation than the general population.

Military members report losing a median of $200 when falling victim to a scam. That's according to the BBB Scam Tracker. That's 32 percent higher than the $152 reported by all consumers in 2018.

Relocation forces military consumers to make quicker purchasing decisions than the general population, the bureau says. Moving to new a location can also make it difficult to find secure, stable employment for spouses and other family members. Military consumers also reported higher rates of losing money to home improvement scammers.

AARP also found that military veterans are twice as likely to lose money to fraud.

The organization stresses:

Don't give sensitive information such as credit card details or your Social Security Number over the phone or in an email

Don't wire money to someone you don't know.

Don't pursue jobs you see on employment boards if you have to pay to get the job or supply credit card or banking information.

AARP cautions you to watch for suspicious emails, phone calls, or mailings and report them to law enforcement, the Federal Trade Commission, or your attorney general's office.

If you know about a scam, you may report it directly to the Better Business Bureau by clicking the attached link.

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