Subscription Scams

Subscription Scams: How Hidden Charges Are Draining Bank Accounts

In 2024, subscription scams are on the rise, preying on unsuspecting individuals with hidden fees and unauthorized charges. Common tactics include:

• Free Trial Traps: Scammers advertise “free trials” for products or services, but fine print enrolls you in expensive recurring payments.
• Fake Subscription Cancellations: Victims receive emails or texts claiming their subscription needs to be renewed or canceled, prompting them to share financial information.
• Clone Websites: Fraudsters mimic popular services, tricking users into signing up and providing credit card details.

Protect Yourself: Always read terms and conditions, monitor your accounts for unauthorized charges, and contact service providers directly through verified channels.