Scams, Scams and More Darn Scams

Scams, Scams and More Darn Scams

Did you know that there are at least 48 different types of identity theft and the number of scams involved in each is growing daily? Romance scams, residence scams, utility scams, employment scams, telephone scams, email scams, charity scams, Apple care scams, AirBNB scams, PayPal scams, census scams, ticket scams, government scams, medical scams, insurance scams, real estate scams, investment scams, lottery and sweepstakes scams … there really isn’t one facet of our lives that isn’t ‘scam-able.’ As the weather turns colder, it kind of makes you want to curl up under an electric blanket and hibernate for a bit doesn’t it!

 

Although everyone with a social security number is at risk for identity theft, there are two groups that are targeted more often: children and seniors. The U.S. Department of Health & Human Services has studied why. They explain, “Children are targeted to establish a ‘clean slate.’ Seniors are targeted over the telephone and through phishing scams. Some studies suggest that people become more trusting as they age, which helps to explain why it’s more difficult for older adults to detect fraudsters.”

 

The next high-risk group that follows children and seniors are the military mostly due to deployment, which impacts their ability to respond to a threat in a timely manner. According to the Federal Trade Commission, military consumers are most affected by credit card and bank fraud. Another high-risk group is identity theft repeat victims. As reported in Consumer Affairs, “people who have previously been affected by identity theft are at a greater risk for future identity theft and fraud.” According to the Center for Victim Research, “7-10% of the U.S. population are victims of identity fraud each year and 21% of those experience multiple incidents of identity theft.”

 

Lastly, the deceased are targeted. Stealing a dead person’s identity, commonly known as “ghosting,” will often go unnoticed by surviving family for months or years. A report dating from 2012 stated that 2.5 million deceased American identities are stolen each year. Of those 2.5 million stolen identities, 800,000 were used to open lines of credit or get a mobile phone plan.

 

Fraudsters oftentimes repeat their favorite most lucrative scams, which are driven by major financial life moments, such as taxes and holiday shopping. Yes, it’s getting to be that time of year, and, guess what … the world’s largest online retailer, Amazon, is seeing a huge increase in fake Amazon.com order cancellation scams. If you receive an email about an order cancellation from Amazon, there’s a good chance it’s a scam. Click on links in the email and you could unintentionally download malware onto your device. Or you might be sent to a site that aims to collect your Amazon account information, like your username and password. If you receive such an email and recently placed an order, go to Amazon.com directly to check your order status.

 

Most of our blogs offer tips to help protect yourself and your family from identity theft. There is one tip in this blog: Remain aware of scams and that they can touch every facet of your life. By staying in-the-know, you can help every month be National Cybersecurity Awareness month … not just October.

 

If you suspect that you or a loved one has suffered identity theft, please reach out to us as soon as possible. Our Guard Well member services team is available around the clock, every day of the year. Email memberservices@guardwellid.com or call 888.966.GUARD (4827) for help.

Financial Tips for 2019 Grads

Financial Tips for 2019 Grads

It’s that exciting time of year! Cap and gowns are coming in and Pomp and Circumstance is running through your head as you prepare for the big event. If you’re a parent of a soon-to-be high school graduate, dollar signs may be running through your head as well, along with advice … and lots of it!

 

If you’re a grad, get ready to hear life experience stories from your graduation speaker and many others. The Federal Trade Commission (FTC) has some advice for you as well. Learn how to recognize financial scams. Younger people report losing money to fraud more often than older generations. According to Colleen Tressler, Consumer Education Specialist, FTC, 43% of those who reported fraud were in their 20s, while only 15% were in their 70s. Read More

 

What can you do to help avoid financial fraud?

– Never give out money or any personal identifying information (PII) in response to an unexpected request. Be wary of texts, phone calls and emails. Scammers commonly pretend to be someone you trust.

– Do your research. Be smart with your online searches and use terms like “complaint,” “scam” or “alert” along with the company name when you search.

– Understand that there’s no such thing as truthful caller ID anymore.

– Don’t wire money. Government and legitimate companies will not require you to pay for products or services with a reloadable gift card. Even using cards like iTunes and Google Play are risky.

– Recognize that robocalls are illegal and should be reported to the FTC. If you mistakenly answer one of these calls, hang up immediately.

 

Looking for a job?

– Check out job placement firms closely. These companies should not be charging high fees in advance for any type of service without a guarantee of placement.

– Keep in mind that the promise of a job isn’t the same thing as job. If you have to pay for that promise, it’s likely a scam. Read More

– Realize that there are many fake jobs listed on social media. Google the company name and visit their website along with the search term “career.” If jobs are not listed on their website and nothing comes up on Google, those are red flags.

– Don’t give out any credit or bank account information over the phone to a company unless they have hired you and have agreed to pay you something.

– Get job details in writing and take time to go over the small print. A legitimate company won’t pressure you into making an on-the-spot decision regarding your career.

 

Congratulations and make sure you enjoy your special day. We wish you the best of luck in your future endeavors!

 

For more information, visit https://www.consumer.ftc.gov.

Ten Signs You Have Been a Victim of Identity Theft

Ten Signs You Have Been a Victim of Identity Theft

Identity theft is rampant. One in three data breach victims will experience fraud according to a 2018 study by Javelin Strategy & Research. The number of identity fraud victims in the United States alone is at 16.7 million with over $16.8 billion stolen. Read More

 

Do you know the latest signs of identity theft? Here are the top ten red flags that trouble is brewing:

– You receive a notice, either in the mail or via email, that you have been a part of a data breach.

– Your credit score quickly drops without explanation.

– Withdrawals from your bank account start to occur … and they are withdrawals that you haven’t scheduled or already made.

– Although you haven’t filed any insurance claims, your rates rapidly rise.

– Your Social Security statements aren’t matching your records.

– There are suspicious charges on your credit card.

– You are turned down for a loan or credit card unexpectedly.

– Your credit report shows accounts that you have not opened.

– Either federal, your state or local taxing authority alerts you to their receipt of multiple filings in your name.

– You receive a bill for an item or service that you have not purchased … and from a company that you have never done business with.

 

Have you experienced any of the above? If yes, contact a fraud resolution specialist immediately.

Email Scams: What to Watch Out For

Email Scams: What to Watch Out For

Email scams, also known as phishing scams, are a popular fraudulent activity many criminals attempt to make use of. Usually, the emails are trying to steal your personal information such as bank details; they can pose as your bank or lull you into a false sense of complacently, by acting as if you’ve won a competition, for example. Other methods include infecting your computer with malicious malware, which will infect your computer or any other electronic device you’re using.

Luckily, there are many ways for you to stay one step ahead of phishing scams. Here’s what to watch out for when it comes to deciding whether an email is trustworthy or not.

Check the ‘From’ Address

The name may seem trustworthy and professional; however, if you hover over the sender’s name, you may be surprised to find out that it was sent by the email address ‘johndoe@hotmail.com’. Ask yourself, would your bank be contacting you through a Hotmail address? Of course, the answer would be a firm ‘no.’

How is the Greeting?

It’s easy to find out your name, but that doesn’t mean all scammers are likely to send you a personal email. They’re trying to hit as many people as they can, and so the email is more than likely to start with a simple and impersonal ‘Hi.’ Once this quick greeting is out-of-the-way, you’ll find that the email is rushing to get to the point: asking for your personal and bank details.

Cross-Examine the Branding

Anyone can work their magic with Photoshop, but that doesn’t mean the logo will be completely accurate. Check everything, from the line work to the coloring, to the slogan (if there is one), and whether they sit in the same place, they usually do. You should also check it against the last genuine email you were sent by them.

Are They Asking for Personal or Bank Details?

Not one company or business would ask you to input your personal or bank details through an email, and so if they are asking you to sign-in or update your existing details, it is likely going to be a scam. Personal details they may ask of you include:

  • Credit card number
  • PIN number
  • Credit card security code
  • Mother’s maiden name
  • The answer for any typical security questions, such as the name of your first pet or the street you grew up on.

Check the Grammar, Punctuation, and Spelling

Professional emails should not be littered with grammar, spelling or punctuation mistakes. Font styles and size should be consistent, and usually, a company will use the same font throughout all their company emails.

Make Contact with the Real Company

The safest route you can take is to contact the company directly and ask them whether they have sent a recent email to you. The company will be able to check, and with social media, they are incredibly quick at picking up these issues customers may be experiencing. Big companies are usually aware of scams that are currently circulating, and so they may already have an FAQ on scams to look out for.