Educational Article
Reasons Troops are Targeted by Scammers
When it comes to protecting yourself from fraud, knowing is half the battle.
Scammers target everyone, it’s what they do.
However, knowing why you could be a more appealing target for fraud can help you take proactive steps to protect your personal information, secure your financial accounts, and stay ahead of potential scams.
Service members are more likely to be singled out for several reasons.
Steady income and benefits.
As a member of the military, you receive consistent paychecks and benefits which is attractive for scammers.
Deployments and frequent moves.
You experience more frequent interruptions to your home life serving in the military due to deployments, PCS and TDY assignments which makes you more vulnerable to scams.
Access to credit at younger ages.
Service members often gain access to credit at a relatively young age compared to civilian counterparts which unfortunately makes you more appealing targets for scammers.
Nature of military duties.
A military career is demanding and that reduces your time available to devote to financial management.