How to Spot Fraud
One thing to know about fraud is that fraudsters will always find new ways to try and scam people out of money or into giving their personal identifable information like Social Security Numbers or online banking credentials. That's why it's so important for every one to be vigilant about how to spot fraud in order to protect themselves.
Here are a few well-known scams that you should be aware of:
How to Stop Fraud
- Don't give out any personal information. Financial institutions and most major organizations have to protect your information by never asking or sharing personal identifable information.
- If the email or phone call seems strange or out-of-place, it's probably fraud. Avadian will never call you or email you asking you to share any personal information.
- When in doubt, don't. That's what our head of IT Security always says. If something seems too good to be true or strange, it probably is. Don't answer calls from numbers that are unfamilar or click on emails if the content of the email seems off-putting.
- Identify how scammers ask for money. If you receive an email asking for money, these scammers will typically ask you to send funds via money order, Green Dot Cards, iTunes cards, or gift cards.
- Stop and ask someone else before you send money. Get a second opinion before you send money.
How to Report Fraud
If you find that you are victim of fraud, please be sure to do the following:
- Contact Avadian and any other financial institution you use immediately and report what has happened to put your accounts on hold.
- Take steps to protect your information. Change your user name and passwords for online banking frequently and sign up for identity theft protection.
- Notify the credit bureaus. If you find that you have had your personal identifable information stolen, notify the credit bureaus immediately to freeze your accounts.
- Report scams to the Federal Trade Commission. The FTC is the major watchdog for scams, so if you find yourself a victim of a scam, you can report this information here.