Protecting Yourself from Fraud

It only takes a few seconds to lose a wallet or purse and all the precious information held inside. Unfortunately, not everyone will be so kind to turn that lost wallet over to the rightful owner. While wallets and purses are still stolen today, thieves are getting smarter and are frequently stealing your credit and debit card information electronically.

What can you do to protect yourself from fraud?
  1. Keep your credit and debit cards in a safe location.
In the scenario above, someone lost their wallet, but debit and credit cards should be put away in the same safe location after each use. That way, your card will not fall out of an open jacket pocket or purse. It is important to note that you should not keep all of your cards in one place, just in case your wallet or purse is stolen. For instance, if you only use certain cards infrequently, don’t keep them in your wallet, but instead keep them in another safe location.
  1. Shred documents or notes that have your card number on it.
Some people will “dumpster dive” to retrieve important credit card information. Shredding documents with personal information can prevent criminals from gaining access to your money.
  1. Do not sign credit card receipts without adding a total.
Going out to dinner can give you a much needed break from cooking; the last thing you would expect is for your waitress to add a hearty tip for themselves after leaving a cash tip and signing the receipt. Simply adding a $0 to the tip line insures that you are not paying more than you expected once you receive your statement.
  1. Avoid giving people your card information.
If someone calls to ask you for your credit card information you should politely decline. Christian Financial will never contact you by phone or text to ask for this information. If someone leaves a call back number, it is probably better to call back the company directly. This way you can ensure that the company is reputable and trying to contact you.
  1. Do not click on email links from people you do not know.
Scammers have gotten better at disguising themselves as people in your contact list. If you see an email you weren’t expecting, even if it looks like it was from someone you know, avoid clicking on any of the attachments or links. These links can lead to malware and phishing scams which can cause harm to your computer. This could also put your personal information at risk.
  1. If you lose your card report it right away!
Be quick to cancel your card so that no one else can use it.
  1. Review your statements each month to keep track of charges.
If there is a discrepancy on your statement contact your financial institution right away.
  1. Use strong passwords for online banking.
Try not to use security questions that can be easily solved if someone were to look at your social media profile. It is also a good practice to use different passwords so that not all your passwords are the same.
  1. Be aware of Credit Card Skimmers at gas stations and ATMs.
Some scammers are setting up skimming devices at card readers. Skimming Devices store your card for later use. If you think anything looks strange at the gas station or ATM, be sure to report it to the manager of that establishment and use a different location.
Posted: 2/26/2018 10:27:45 AM by Kayleigh Carwile | with 0 comments