Anyone can be a victim of fraud. From questionable emails, ambiguous phone calls, questionable ads on social media and fake online ads, anyone can be an easy target. These people can utilize the latest technology and at the same time employ dirty old tricks to get people to divulge vital information about themselves or send money.

These days, it’s high time to practice new strategies to be able to protect yourself and your loved ones.

 

  1. Spot imposters early

Chances are, scammers will introduce themselves as someone you can trust. Family members, an official from the government, or a charitable organization. Whether it’s through a phone call or an email, never hand out any personal information by any means.

 

  1. Do your research

A general rule of thumb, before you fully commit to anything, do your research first. Search the name of the product or company online. Look through reviews of other people in the online community. Search the name with keywords such ‘scam’ or ‘complaint.’ Sometimes, you’d be surprised at what you came up with.

  1. Don’t always believe what your caller ID tells you

A lot of scammers can use technology to tweak a caller ID information. Be wary because the name nor the number doesn’t always appear to be real. Another red flag would be someone who keeps asking you for information or money when they shouldn’t be. It’s better to hang up and report the call to authorities as soon as you can.

  1. Be wary of false promises

Someone might be telling you that you won a prize, mortgage assistance, or scoured a job you didn’t remember applying for. The next thing you know, these people are asking you for payment for fees and taxes before disappearing indefinitely.

  1. Be wary how you pay

Most credit cards have built-in fraud protection, however, usually, when you wire your money for example on MoneyGram or Western Union, there’s almost no way to retrieve your money.

  1. At all times, always keep information confidential

Don’t hand in personal information to anyone unless it’s you who initiated the contact, or if you know who you’re dealing with. Also, install the adware ad block browser extension for Mozilla Firefox and Google Chrome. You can also look if the URL appears green in the address bar or begins with an https, then the site is usually safe.

 

  1. Regularly change your pins and passwords

Periodically changing pins and passwords on your debit card and online banking makes it harder for fraudsters to break in. Even if your accounts haven’t been compromised, experts suggest to change them at least twice a year regularly.

 

The takeaway

It’s always good to keep a tab of your financial statements to prevent fraud from happening- that way, you’ll keep an eye on any suspicious activities from unauthorized entities. Also, experts recommend ordering your credit report at least once a year. Scammers are looming everywhere and can either steal your vital information or hard-earned cash. That is why, at this point- it’s crucial to always stay on high guard.