2020 was a busy year for fraud. The Federal Trade Commission (FTC) received more than 2.2 million reports about fraud and reported nearly $3.3 billion in losses. The top scams of last year:

·         Imposter Scams: Fraudsters pretending to be government officials, businesses, family and friends ware atop the list in 2020. The FTC received 500,000 reports of imposter scams and reported losses of $1.2 billion. Fraudsters also made good use of COVID-19 and stimulus payment news to make their scams effective.

·         Online Shopping: The pandemic increased our online shopping habit, and there were many reports of sellers never delivering their promised goods. The FTC reported 350,000 cases and losses of more than $245 million.

·         Phone Scams: Both calls and texts remain the top method fraudsters use to reach their victims. Many of these scam calls were pandemic-related, including promises of economic relief, stimulus payments and small business loans.

The Village Bank is committed to keeping its customers safe. If you have spotted or fallen victim to a scam contact The Village Bank immediately at (617) 969-4300 and report it to the FTC here.

You are now leaving The Village Bank

Weblinks – By clicking the link to an outside URL, you will enter a web site created, operated and maintained by a private business or organization. The Village Bank provides this link as a service to our website visitors. We are not responsible for the content, views, or privacy policies of this site. We take no responsibility for any products or services offered by this site, nor do we endorse or sponsor the information it contains. Village Bank is not responsible for the accessibility of this link. Email – Email is not secure. Time-sensitive requests or private information, such as account numbers, should not be sent via email.

You will be redirected to

Click the link above to continue or CANCEL

Skip to content