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Channel: Attorney Amy J. Eddy, Author at Anderson O'Brien Law Firm
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Tips to Avoid Scams and Identity Theft

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In today’s fast paced world, there is no end to the types of scams that target people of all ages, income levels and backgrounds. According to the Federal Trade Commission, one out of every ten adults in the United States will become a victim to a scam or fraud every year. Although one might think that scams, fraud and identity theft are easy to recognize, a study conducted by the Better Business Bureau, FINRA (the Financial Industry Regulatory Authority) and the Standford Center for Longevity found that 53% of all people approached by scammers will engage with them, while less than half become immediately suspicious and ignore the approach.

To avoid a Scam, be alert to these warning signs – the Four P’s:

PRETEND – Scammers will pretend to be from an organization you know and may use technology to change the phone number that appears on your caller ID to a familiar organization, like the IRS, Social Security Administration, Amazon or a charitable organization.

PROBLEM OR PRIZE – Scammers will then try to convince you that you are in trouble with the government and that you owe money. Sometimes you will be told that there is a problem or unauthorized charge on one of your accounts and you need to verify the account information, or that you have won a sweepstakes or lottery, but need to pay a fee to get the prize.

PRESSURE – Scammers want you to act immediately before you have time to verify anything or check out their story. They may say that if you act right now, the problem will be taken care of immediately before any further problems or damage occurs.

PAY – A sure sign of a scam is that you are asked to pay in a specific way, like with a money transfer company or through a gift card. Some will send a fake check to you, ask you to deposit it and send them the money.

What can you do?

  • Block unwanted calls and text messages.
  • Never give your personal or financial information to a request you were not expecting. Legitimate organizations and retailers do not call, email or text you and ask for personal information.
  • Do not click on links in emails sending information you have not requested or that you are not expecting. While the email may look like it comes from a company you do business with, if you were not expecting it, it is probably not real.
  • Resist the pressure. Anyone who pressures you to pay or give them your personal information is a scammer.
  • Never pay someone with a gift card or a money transfer service and do not accept or deposit checks for the purpose of sending money back to someone else.

Finally, in the event you are targeted or fall victim to a scam, report it to the Federal Trade Commission at reportfraud.ftc.gov. If you believe you have been a victim of identity theft, you can also put an alert and/or a freeze on your credit reports. Both can be done by calling the three credit bureaus (Transunion, Experian and Equifax) or going to each bureau online and placing the alert or freeze yourself. You can lift a freeze at any time. A fraud alert will require creditors to verify your identity before processing credit applications.  A credit freeze blocks any access to your credit report. The purpose is to prevent someone who may be trying to use your identity to obtain loans or credit card accounts in your name.

For more information about common scams and frauds visit https://www.usa.gov/common-scams-frauds.

The post Tips to Avoid Scams and Identity Theft appeared first on Anderson O'Brien Law Firm.


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