Fraud can occur anywhere, to anyone, and at any particular time. Chances are, you’ve probably received a few ambiguous phone calls, encountered fake online ads, fraudulent emails, deceitful posts on social networking platforms, or maybe someone has come knocking at your door before. Avoid becoming a victim! March is International Fraud Prevention Month, and it is an excellent time to learn new strategies on what to do when encountering a fraudster!
Here are a few ways you can secure yourself when dealing with fraud
Report It ASAP
If you’ve caught, report it. Unfortunately, not all victims of fraud get justice, but reporting the crime to the police helps in other ways too. It gives the authorities the chance to keep tabs on threats and warn others of probable danger. Many times, those warnings that we see on news and television are a result of someone reporting the crime.
Keep Personal Information Completely Confidential
Never give away personal information over the phone, especially to individuals you don’t know. Your personal information is private and can cause great harm if it is exposed to criminals or scam artists. Always be sure that you are using a secure site when entering vital information. Use adware blockers and internet security that protects your information and data at all instances.
Order Credit Reports
It is fundamental to keep a tab on your financials. A credit report shows just how well you are financially doing. It can even show any irregular or unusual activities on your behalf. Understanding a credit report can play a pivotal role in protecting oneself, as having solid proof of lump-sum transaction figures can give a fundamental idea of one’s performance.
Shred Unnecessary Documents
Documents that may contain sensitive data should hit the recycle bin. Important documents such as past credit reports, bills, receipts, bank statements, old tax returns, and even junk mail that contain addresses, should be discarded immediately. Once a document with vital information has served its purpose, discard it, and set aside your worries.
Regularly Update Your Passwords & Pins
When was the last time you changed your banking pins and passwords? If it was a while ago, then please make sure to change it right away. Experts recommend changing pins and passwords regularly, even if your accounts haven’t been compromised.
Learn From Prior Experience
If someone has fooled you before, or cause financial losses, then be a bit extra cautious. Prior incidences can go a long way in helping you make better decisions and judgment calls on business transactions and relationships. It is always good to think about the past and use it to better your future!
As the saying goes, “prevention is better than cure,” one must stay alert and protect oneself from fraud. There can be a multitude of scams, money alluding schemes, and dishonest policies out there. Having an eye for detail and strong observation skills can be pretty handy when detecting or calling out fraud on its face value!