MoneyLion Adds Protection Benefits To Help Keep Your Money Safe
You work hard for your money, so it can be crushing when scams or identity theft strike and put your finances at risk. Unfortunately, these threats are on the rise — and they can be very costly.
That’s why MoneyLion is launching new protection benefits to help keep your money safe.
Scams and Identity Theft Are on the Rise — and Cost Americans Billions
Unfortunately, scams and identity theft are no longer rare events. They're increasingly common and can quickly undo years of financial progress.
Scams Are Becoming More Expensive
The average amount lost among scam victims in the United States is $3,8581, according to Gen data. Younger Americans are particularly vulnerable — Gen Z and millennials fall victim to scams more often than any other generation2.
Identity Theft Is Even More Widespread
Identity theft is also becoming increasingly common. Gen found that more than 75 million Americans, or 1 in 4 consumers, have experienced identity theft, with average losses of $7639.3 A big loss to everyone! According to the Bureau of Justice Statistics, you’re more likely to become a victim of identity theft than any other crime.
Identity threats and scams aren’t rare anymore — they’re now expecting risks that can derail your financial stability.
How Identity Theft Happens
Identity theft often starts when personal or financial information — like a Social Security number, bank details, or a government-issued ID — falls into the wrong hands. This can happen in many ways, from lost or stolen documents to information being exposed online or shared illegally.
Sometimes, stolen information appears on hidden corners of the internet known as the dark web, where criminals may trade or misuse it. Other times, identity theft begins on a much smaller, more personal level — without any large data breach or public posting at all.
Once criminals have your information, they can use it to drain accounts, open fraudulent credit lines, and create long-term financial and credit problems. That’s why staying vigilant matters, even if there’s no obvious sign your information has been exposed.
MoneyLion’s Vision for Identity Theft and Scam Protection
At MoneyLion, we want to help keep your money safe so you can stay focused on making progress toward your financial goals.
Fighting scams and identity theft requires ongoing protection. Personal information can resurface in new places over time, and problems often appear when you least expect them.
That’s why we're building protection that helps you stay ahead of issues that could make you lose money, instead of dealing with the fallout after the damage is done. At MoneyLion, we're Building a single destination for your entire financial life, supporting you at every step, from earning and saving to protecting what you’ve worked hard to build.
These new benefits are powered by LifeLock by Norton, a cybersecurity leader with more than 20 years of experience. Norton and MoneyLion are both part of Gen Digital. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to nearly 500 million users in more than 150 countries.
Inside MoneyLion’s New Protection Tools
MoneyLion is launching advanced protection benefits to safeguard your money. You can stay ahead of identity threats with proactive monitoring, credit alerts, expert restoration assistance and reimbursement benefits designed to help keep your money safe.
Here is a closer look at the new benefits now part of the MoneyLion app.
Scam Analyzer: AI-Powered Scam Detection
Scam messages are now bombarding consumers through texts, emails and social media, and it’s becoming increasingly difficult to tell what’s legitimate and what isn’t.
When something feels "off," you should be able to verify it quickly and move forward with confidence. Now there’s a way to stay ahead before scammers hit your wallet.
MoneyLion’s new AI-powered scam detection tool allows you to upload suspicious texts, emails or social media messages to see if they’re scams. The tool spots scams fast before a scammer can take your money.
Proactive Monitoring: Dark Web and Breach Alerts
Get alerts if your personal information shows up where it shouldn’t. This is part of MoneyLion WOW.
Our monitoring tools will automatically alert you if your sensitive information — including bank logins, credit card numbers or Social Security numbers — is found on the dark web, such as hidden forums or illicit marketplaces. You’ll also get notified if we find use of your personal information for credit applications.
Taking action on these alerts can stop criminals from using your data to create accounts in your name and steal your money.
What’s more? We can keep an eye on your social media accounts across major platforms like Facebook, Instagram and TikTok. If something looks off, such as changes to your account settings, suspicious posts or risky links, you’ll be notified so you can act quickly and help prevent account takeovers.
Restoration and Reimbursement: Expert Help and $25K Coverage
Victims lose not only money, but time. Gen found that the average scam victim spends about 21 hours resolving issues caused by fraud4. It can be a nightmare to resolve a scam issue or to get your identity back — and the process can take months or longer.
We want to give you peace of mind in knowing that if the worst happens, you’ll be able to get back on your feet faster.
MoneyLion WOW is offering three new benefits to help you restore your identity and get reimbursed for funds lost:
Expert Restoration: Get your identity back if your identity is stolen, U.S.-based specialists will walk you through every step.
Financial Reimbursement: Get reimbursed up to $25,000 if your money is stolen due to identity theft.5
Wallet Replacement: We’ll replace your cards and IDs so you’re not left stuck.
Activate Your Protection With MoneyLion WOW
You can unlock these advanced protection benefits — monitoring, restoration and reimbursement — when you join MoneyLion WOW. It also gets you access to valuable rewards, including exclusive discounts, cash back and special deals.
Already a MoneyLion WOW member? Activate your benefits today in the MoneyLion app.
Your money deserves to be safe — and at MoneyLion, we're working every day to keep it protected.
1Based on a study of 1,000 adults in the United States conducted by Dynata on behalf of Gen from 24th April to 8th May 2025.
2The study was conducted online within the United States, United Kingdom, France, Brazil, Germany, Australia, New Zealand, the Czech Republic, Italy, Japan, and Mexico by Dynata on behalf of Gen from 24th April to 9th May 2025 among 11,006 adults ages 18 and older. Data are weighted where necessary by age, gender, and region, to be nationally representative.
3The study was conducted online within the United States by Dynata on behalf of Gen from October 23rd to November 4th, 2025 among 1,000 adults ages 18 and older. Data are weighted where necessary by age, gender, and region, to be nationally representative.
4Based on an online survey of 12,024 adults in 12 countries conducted by Dynata on behalf of Gen in December 2024.
5Reimbursement and expense compensation up to $25,000 each. Insurance benefits are issued by third parties via Gen Digital. See us.norton.com/legal for policy info.