Scammers take advantage of banking turmoil, incidents of fraud increasing as market falls
In the worst of times, don't expect the best in everyone. Scammers are reveling in the financial turmoil by taking advantage of consumers' fears, especially those who are customers of banks most affected by the Wall Street crisis. The US Federal Trade Commission (FTC), which issued a warning this week, cautioned that people should watch out for e-mails or pop-ups, even if from their own banks, asking for any sensitive personal or financial information. People should double-check their bank and credit card statements for fraudulent activity, the report added.