Fraud Cases Are on the Rise (Still Rampant): Here is How to Be Protected from Them

By  //  November 18, 2020

Around 15 million people are victims of fraud and this is estimated to cost around $16 billion. Unfortunately, these numbers are set to rise as fraud cases are increasing. It is more important now than ever before that you protect yourself from fraud. Here are four ways you can do this. 

Strengthen Your Passwords

This may seem like a simple tip. However, you would be surprised to learn how many people still have straightforward passwords that are easy to guess.

So, this is your wakeup call to finally strengthen yours. This can help prevent fraudsters from accessing your private information. In addition, it is recommended that you have different passwords for all of your accounts. This way, if fraudsters find out one of your passwords they are not going to be able to make it into all of your accounts.

Have an Emergency Plan

Nobody wants to think about being a victim of fraud and losing money. Even if you are being careful, you can still fall for a scam online. The most important thing is to know what you should do if this happens. First of all, you have to act fast and you are going to be able to do this when you have an emergency plan.

For instance, with, you can work with experts that can help you get your money back. A lot of people assume the money is lost when they fall for a scam. But this is not always true and they are a company that can help you if this happens.

Limit When You Share Your Personal Information

When you are online, it is like every website wants to know your personal details. From entering your name and email address to listing where you are from, you are being asked to share your personal information more than ever.

But this should not become something that is normalized. You should not have to feel like this is something everybody does. Instead, you need to be careful and limit how much you share and who you share it with. This is going to keep your information secure.

In particular, watch what you share on social media too. You may think that this is a safe space to share your details and information about your life. But fraudsters can access a lot of personal detail through these platforms.

Ignore Unsolicited Texts and Emails

Fraudsters are becoming more sophisticated. A lot of scam emails used to look fake and you would never fall for them. Now, they can look very real and like they are from legitimate businesses.

This is something that you have to keep in mind. For example, if you receive a text or email from a bank or major company out of the blue, be cautious. Do not click on any links that are sent to you. If you are unsure if they are real, contact the company first. Letting your guard down and not thinking about what has been sent to you could lead to trouble.