Fraud Prevention: A Partnership

With tax season in full swing and folks working from home more than ever, internet and phone scams show no signs of letting up. Therefore, now is a particularly relevant time to revisit the importance of protecting your information and sharing best practices with your loved ones and those susceptible to fraud.

Here is how I see it: security is a partnership meaning both you and the companies you do business with need to do what you can to secure your assets and information. The following chart published by Statista as of Q2 of 2020 shows the most commonly impersonated. Surprised? You shouldn’t be. Hackers have become more sophisticated than ever, they mask their phone numbers with a caller ID that appears to be “safe”, set up fake social media profiles to entice innocent people to interact with them and provide personal and financial. That information is then used to unlock security questions across various websites. My daughters tell me this is called, “catfishing”. Read on to learn more about how to protect yourself.