Stop Scams Before They Start: Protect Your Money and Accounts

Stop Scams Before They Start: Protect Your Money and Accounts.
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Stop Scams Before They Start: Protect Your Money and Accounts.

To stop scams, be wary of unsolicited contact, protect your personal information by not sharing passwords or OTPs, and avoid clicking links or downloading attachments in suspicious emails or texts. Always monitor your accounts for unusual activity, secure your devices with strong locks and updates, and be skeptical of any offer that seems “too good to be true”.

Be vigilant and suspicious:
Don’t trust caller ID, email headers, or sender addresses: Scammers can fake phone numbers and email addresses to appear legitimate.

Be wary of “urgent” requests:
Scammers often create a false sense of urgency to pressure you into making a quick decision without thinking.

If it’s too good to be true:
Be suspicious of offers that promise huge returns or are part of a pressure-filled “once-in-a-lifetime” opportunity.
Protect your information

Never share sensitive details:
Financial institutions will never ask for your password, PIN, OTP, or CVV over the phone, email, or text.

Use strong, unique passwords:
Use strong passwords for all your accounts and consider a password manager.

Secure your devices:
Keep your operating system and apps updated, use secure locks on your phone, and avoid downloading apps from unknown sources.

Shred sensitive documents:
Tear up or shred documents with personal or financial information before throwing them away.

Check and secure your accounts
Monitor accounts regularly:
Frequently check your bank and credit card statements for any unfamiliar activity or logins and report them immediately.

Enable multi-factor authentication (MFA): Enable two-factor or multi-factor authentication on all accounts to provide an extra layer of security.

Set up account alerts: Set up alerts in your banking app to notify you of login attempts or unusual transactions on new devices.

Avoid public Wi-Fi for sensitive transactions: Be careful when using public Wi-Fi for financial activities as it is less secure.

What to do if you are targeted

Do not click or engage: Do not click on links, download attachments, or respond to suspicious emails, texts, or calls.

Verify independently: If you are unsure about a request, contact the company or bank directly by using an official phone number you have on file, not the one provided in the suspicious communication.

Report scams: Report any suspicious activity or fraud attempts to your bank and the relevant authorities.

Team: EconomicLawsPractice.com

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