Fraud can happen fast, but staying protected doesn’t have to be complicated. Here are answers to some of the most common fraud-related questions, plus simple tips to help you stay one step ahead.
What’s the difference between fraud and scams? Fraud is any attempt to steal your money or personal information. Scams are a type of fraud, often disguised as legitimate texts, emails, or calls, designed to trick you into sharing sensitive data or sending money.
What types of fraud are the most common? Some of the most frequent threats include account takeovers, identity theft, credit card fraud, phishing emails, and fake investment opportunities.
What scams should I be on the lookout for? Peer-to-peer payment scams, fake sellers, tech support scams, impersonation calls, and romance scams are all on the rise. Be cautious and only send money to people you know and trust.
How can I spot fraud before it happens? Trust your gut! If something feels rushed, off, or too good to be true, stop. Don’t click suspicious links or respond to unfamiliar messages.
How can I protect my financial information? Keep your account numbers and login credentials private. Use strong, unique passwords for every account, and update them regularly.
What about online and mobile banking safety? Turn on multi-factor authentication. Keep your apps and devices updated. Avoid using public Wi-Fi and enable card controls in case you need to lock your card quickly.
How can I tell if a message is legitimate? If you’re asked for your PIN, password, or account number via call, text, or email, it’s not legitimate. When in doubt, hang up or delete the message and contact your financial institution or the company directly.
How often should I check my accounts? Daily is best. A quick glance can help you catch fraud early.
Is credit monitoring worth it? Yes. It alerts you to changes in your credit and can flag suspicious activity early.
Fraud is constantly evolving, but with a little awareness and a few good habits, you can protect yourself and your finances. Trust your instincts, stay informed, and don’t hesitate to reach out to your financial institution if something doesn’t feel right. 
