Military Consumer Protection Month 2018 Kicks off with Focus on Imposter Scams
the FTC and its partners will post weekly tips for servicemembers, veterans, and their families, as well as host Twitter chats and Facebook Live events
July is Military Consumer Protection Month in the United States. The Federal Trade Commission (FTC) and its federal, state, and local partners kicked off the month-long recognition of military consumers on July 1.
"Empowering servicemembers, veterans, and their families is a top priority," FTC Chairman Joe Simons said in statement. "During Military Consumer Month, we will highlight the agency's resources to help the military community avoid imposter scams – but our work on behalf of those who serve continues throughout the year."
A Focus on IMposter Scams
This year, Military Consumer Protection Month will focus on the fight against imposter scams.
An imposter scam occurs when a con artist pretends to be someone you trust. These tricky and pervasive scams can take many forms, yet the goal is always the same—to convince you to send them money or sensitive personal and financial information.
An example of an imposter scam would be someone claiming to be a representative of a government agency, such as the IRS. The imposter may claim that you owe money and face arrest and jail time if you do not pay them immediately.
Imposter scammers will also frequently pretend to represent your bank, mortgage, credit card, or utility company.
Military Consumers Lost more than $25 million to imposter scams in 2017
Although these scams can happen to anyone, the FTC's most recent data found that military consumers reported losing more than $25 million to imposter scams in 2017.
The average loss per impacted military consumer was $699—significantly higher than the $500 median loss reported by members of the general U.S. population who were victims of imposter scams.
Military Consumer Protection Month Events
During Military Consumer Protection Month, the FTC will post weekly tips for servicemembers, veterans, and their families about some of the most common imposter scams. There will also be numerous Twitter chats and Facebook Live events hosted by the FTC and its partners about various relevant topics that directly impact military consumers.
For more information, visit militaryconsumer.gov.