Empowering Consumers in Lithuania to Avoid Financial Scams and Frauds

As digital financial products, services and distribution channels continue to evolve and expand rapidly, consumers in many countries, including Lithuania, are experiencing increasingly frequent and sophisticated financial scams and frauds. Digital financial literacy can help consumers to identify, evaluate and protect themselves from fraudulent activities. This report proposes an evidence-based action plan to help relevant stakeholders address remaining gaps and strengthen consumers’ resilience to financial scams and frauds through digital financial literacy in Lithuania.