Avoid Fraud & Scams (2024)

FAQs

Avoid Fraud & Scams? ›

Be cautious of calls or emails that request sensitive information. Never give out confidential information unless you know it's a trusted and verified source. By using fraudulent messages that appear to come from trustworthy sources, a scammer could try to obtain information to exploit your business.

Be cautious of calls or emails that request sensitive information. Never give out confidential information unless you know it's a trusted and verified source. By using fraudulent messages that appear to come from trustworthy sources, a scammer could try to obtain information to exploit your business.

Only give your details to someone you trust. Choose hard-to-crack passwords and regularly change them. Be extra careful with your credit card details: never give out your PIN and always check your bank statements. without opening them.

You should avoid answering or interacting with any unsolicited phone calls you are receiving. It is most likely a scam call trying to trick you into giving up your personal information. By avoiding answering spam calls, you can reduce the number of spam calls that you receive.

Businesses can prevent payment fraud by using secure payment systems, implementing advanced technology, tools and solutions, implementing strong authentication measures, monitoring transactions regularly, training employees to spot suspicious activity, conducting background checks on employees, verifying transactions ...

Common Red flags

Refusal to meet in person: Scammers will make excuses to avoid video calls or in-person meetings. They often cite work or travel commitments, or family emergencies.

Here are a few steps you can take to help protect yourself and your loved ones from scams: Don't give out sensitive personal information over the phone or in response to an email, social media post, or text message.

One of the most successful ways to identify fraud in businesses is to use an anonymous tip line (or website or hotline). According to the Association of Certified Fraud Examiners (ACF), tips are by far the most prevalent technique of first fraud detection (40 percent of instances).

By creating a sense of urgency, fear, or excitement, scammers impair rational thinking and compel individuals to make impulsive decisions. Heightened emotions make it difficult for victims to evaluate the situation objectively, leading to unfortunate outcomes.

How do you outsmart a money scammer? ›

On your device, open the Phone app . Spam and Call Screen. Turn See caller & spam ID on or off. Optional: To block spam calls on your phone, turn on "Filter spam calls." You don't get missed call or voicemail notifications, but filtered calls are in your call history, and you can check your voicemail.

Never give out personal information. Refrain from sharing any data. Even telling a scammer where you live or disclosing your email address can help them find other pieces of your identity on social media or from lists on the Dark Web. Ask for a reference number and tell them you'll call them back.

If you get a scam likely message or a similar warning like “suspected spam” or “spam risk” on your caller ID during an incoming call, don't answer it. Even better, block the caller. Several major carriers like Verizon Wireless and AT&T Wireless offer scam block services for free or for a small monthly fee.

Find out exactly what personal information has been revealed. Block the scammer's email address or 'unfriend' them from any social media sites or apps. Consider changing your family member's email address and phone number, especially if contact from the scammer continues.