Scams and frauds have been around since the beginning of human existence.
With the advancement of technology and the online world, it can be easier than you think to fall victim to a scam.
Our personal information is more vulnerable than ever, and knowing how scammers try to work is the best way to protect yourself.
Credit Card Fraud
If somebody you do not know has access to your credit card, they are a fraud. By simply taking the credit card number, expiration date, and the 3 digit CVV code, the fraudster can make purchases in your name on your credit card.
To protect yourself, always hide or cover your credit card number in public.
Scammers can be standing right behind you in the grocery store checkout line and try to photograph or remember your credit details when you pay for your groceries.
If you haven’t already, consider switching to a chip card for added protection. Check your credit regularly for any irregularities.
Email has been both a blessing and a curse. Since the early days of email, international scammers have been using it as an effective platform to steal consumers private information.
Maybe the most common email scam is a random email coming to your inbox about a prince or a member of royalty in another country that is in need of a short-term loan.
The scammers then say that they will repay you with a very large amount of interest. This scam has destroyed the finances of thousands of people, so be certain to stay away.
You can protect yourself from email scams by never giving your email to random websites. Instead, set up a “junk email” where you can sign up for all your online offers.
Thieves and scammers know that almost everybody has a bank account. By stealing a check or hacking your PC, scammers can steal your entire life savings in the blink of an eye.
The best way to stop this type of fraud from occurring is to be vigilant when it comes to checking your banking statements.
Never log into your bank account at a coffee shop or other place that offers free wifi.
Scammers are sophisticated and it takes very little for them to hack into a business’s network and steal their customer’s logins.
All in all, in this digital age, protecting your private information is essential. The advancement of technology allows scammers to move quickly and effectively without raising any alarms.
As a consumer, you must realize that your information can be stolen quickly and without warning. Be certain to check all your financial statements twice per week to ensure that your accounts are secure.