Treasury’s Office of Cybersecurity and Critical Infrastructure Protection Issues Annual Consumer Advisory on Holiday Scams

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) released its annual holiday advisory to help consumers protect themselves from the surge in cyber-enabled scams and online fraud. As digital transactions and online shopping continue to grow, so do the risks. Fraud losses have reached unprecedented levels, costing consumers and financial institutions tens of billions of dollars each year. Increasingly, scammers are also leveraging advanced technologies, including artificial intelligence, to impersonate trusted individuals or businesses, automate outreach, and make fraudulent schemes more convincing and harder to detect.This holiday season, Treasury urges consumers to stay vigilant, be proactive, and respond quickly if they believe they are being targeted.“As cyber-enabled fraud reaches unprecedented levels, the U.S. Department of the Treasury is urging consumers to be on high alert this holiday season,” said Cory Wilson, Deputy Assistant Secretary for OCCIP.