What are the top scams to watch out for today?
Trends in scams and fraud are always evolving. So we do our best to keep you up-to-date on the latest.
The top 10 scams to be aware of today:
- Government “imposter” frauds
- Debt collection scams
- Fraudulent job offers
- “Phishing” emails
- Mortgage foreclosure rescue scams
- Lottery scams
- Elder frauds
- Overpayment scams
- Jury duty scams
This PDF goes into more detail on each of the scams.
What you can do
The red flags to look out for are often similar. Here are the basics on protecting yourself and your money:
- Avoid offers that seem “too good to be true.” Be especially suspicious if someone pressures you into making a quick decision or to keep a transaction a secret.
- No matter how legitimate an offer or request may look or sound, don’t give your personal information, such as bank account information, credit and debit card numbers, Social Security numbers and passwords, to anyone unless you initiate the contact and know the other party is reputable.
- Remember that financial institutions will not send you an email or call to ask you to put account numbers, passwords or other sensitive information in your response because they already have this information.
- Be cautious of unsolicited emails or text messages asking you to open an attachment or click on a link.
- Use reputable anti-virus software on your computer to search for and remove malicious software. Be careful if anyone (even a friend) gives you a thumb drive because it could have undetected malware, such as ransomware, on it.
- Don’t cash or deposit any checks, cashier’s checks or money orders from strangers who ask you to wire any of that money back to them or an associate. If the check or money order proves to be a fake, the money you wired out of your account will be difficult to recover.
- Be wary of unsolicited offers “guaranteeing” to rescue your home from foreclosure. If you need assistance, contact your loan servicer (the company that collects the monthly payment for your mortgage) to find out if you may qualify for any programs to prevent foreclosure or to modify your loan without having to pay a fee. For a referral to a nearby housing counseling agency approved by the U.S. Department of Housing and Urban Development (HUD), go to www.hud.gov or call 1-800-569-4287.
- Monitor credit card bills and bank statements for unauthorized purchases, withdrawals or anything else suspicious, and report them to your bank right away.