Digital Robbery Scams Are on the Rise
Financial fraud has exploded in the past few years, with consumers reporting more than $12.5 billion in losses in 2024. President Donald Trump’s deregulatory agenda isn’t helping.
ACH fraud is becoming ever more common due to an increase in digital payments and phishing scams. (Spencer Platt / Getty Images)
It’s easy to get robbed these days. All a thief might need are the seventeen numbers found on your publicly available banking documents.
Just ask Scott Delman. For nearly a year and a half, someone used Delman’s banking information to deduct monthly car insurance payments from the theater producer’s bank account, according to financial documents he shared with the Lever. In total, the fraud cost him more than $4,300. So far, he’s yet to be reimbursed.
Delman has come to believe the matter will cost people huge amounts of money, and even poses a national security risk.
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