10 Effective Strategies To Detect & Prevent Fraud

NewsPoint

Feb 10, 2025

Spot Imposters

Be cautious when someone claims to represent an organization you know, like a bank or government agency. Verify their identity by contacting the organization directly using official contact details.

Image Source: Newspoint

Do Online Searches

Research names, phone numbers, or email addresses tied to suspicious requests or offers. Often, reports or reviews online can reveal fraudulent intentions and protect you from potential scams.

Image Source: Newspoint

Don’t Believe Your Caller ID

Caller ID can be easily manipulated, so don't trust it fully. Scammers can disguise their numbers to look like a trusted source, so always verify information with a known contact.

Image Source: Newspoint

Don’t Pay Upfront For A Promise

If someone asks for payment in exchange for future rewards or promises, be wary. Fraudsters often ask for upfront money for things like debt relief or job offers but vanish once paid.

Image Source: Newspoint

Consider How You Pay

Certain payment methods, like wire transfers and gift cards, are hard to trace and often favored by scammers. Use credit cards for better fraud protection when possible.

Image Source: Newspoint

Talk to Someone

Discuss any suspicious offers or requests with someone you trust. A second opinion can provide clarity and may help detect red flags you might have missed.

Image Source: Newspoint

Hang Up on Robocalls

Automated robocalls are often fraudulent, pushing fake offers or scams. Avoid pressing any buttons; instead, hang up immediately to stay safe.

Image Source: Newspoint

Be Skeptical About Free Trial Offers

Free trials can sometimes lead to unwanted charges if not canceled within a specific timeframe. Read the terms carefully before signing up to avoid recurring fees.

Image Source: Newspoint

Don’t Deposit A Check & Wire Money Back

If asked to deposit a check and send part of the money back, it’s likely a scam. The check might initially clear, but once it bounces, you could lose the money sent.

Image Source: Newspoint

Sign Up For Free Scam Alerts

Stay informed by signing up for free scam alerts from the Federal Trade Commission at ftc.gov/scams. Regular updates can help you stay aware of the latest fraud trends.

Image Source: Newspoint

Thanks For Reading!

Next: Celebrate Diwali With Thoughtful Gifts: 10 Budget-Friendly Ideas

Find out More