Six Powerful Fraud Awareness Tips

The International Fraud Awareness Week, or Fraud Week was first established in 2000 in an effort to highlight the importance of fraud prevention, promote anti-fraud training and education, and help individuals and organizations fight fraud. Today, despite the great technological advancements to combat fraud, global loses from fraud are estimated to be an alarming $5.38 trillion, according to the Financial Cost of Fraud Report 

It got worse with COVID, with an increase in fraud cases related to taxes, unemployment benefits, and credit cards. According to the U. S. Treasury, by the end of February 2020, tax return identity theft had increased 751% from the previous year. The Office of the Inspector General for the Department of Labor indicated that as of January 2021, an estimated $39.2 billion could have been improperly paid, with a significant portion attributable to fraud. The United States is heavily targeted by credit card fraudsters with losses amounting to $9.62 billion, or 22.19% of total card volume worldwide according to the latest Nielsen report 

It is important to realize that fraud affects entire communities and not only the direct victims of fraud. All of us, on a daily basis, have to deal with relentless robo-calls, spam email, and unwanted text messages. Everybody, including vulnerable populations with limited access to technology, is now subject to increasingly complicated ID-verification technologies for almost everything we do. Government agencies, nonprofits, and business are forced to divert their resources to fraud prevention that could otherwise go to direct service delivery or for the benefit of their clients. 

What can you do?

The best way to protect yourself and loved ones from fraud is to proactively and consistently take steps to minimize the risk. Below are simple, yet effective ways to do so:  

  1. Change all your passwords at least once every three months. If you see suspicious activity in any of your accounts, contact your service provider and change your username and password immediately. Changing password periodically can prevent hackers from getting access to your accounts.  
  2. Create strong passwords and consider using a password app to remember all of them. Check out this list of tips from Google on how to make your passwords longer and more memorable. Last PassBitwarden, اور Dashlane are some examples of password management companies that offer a free version of this service. This free version often has limitations, and we would recommend that you create a strong master password to access these services.   
  3. Review your checking, savings and credit card accounts on a regular basis to detect any suspicious activity and report it immediately.  
  4. File your taxes early, or as soon as possible, to reduce the risk of fraudsters applying and getting your refund.  
  5. Be wary of unwanted or unexpected phone calls or calls that come from restricted numbers. Although you may be tempted to answer, any caller that truly wants to talk to you should leave a voicemail and then you can decide to return the call or not. Answering unwanted calls may put you at risk of getting in touch with spammers. If your cellphone plan allows it, block such numbers. 
  6. Stay ahead of scams. Consistently check the Federal Trade Commission’s most recent scam alerts to learn how to avoid recent detected scams. 

Still have questions?

NYLAG Financial Counselors can help you prevent fraud or resolve existing fraud.  


اس پوسٹ کو شیئر کریں

facebook پر شیئر کریں
twitter پر شیئر کریں
linkedin پر شیئر کریں
pinterest پر شیئر کریں
print پر شیئر کریں
email پر شیئر کریں

متعلقہ مضامین

AFCPE Blog Post

Paychecks, although at times confusing, are key to knowing why you are making the amount of money that you are making and if there can be any adjustments

مزید پڑھ "

Domestic Violence Awareness Month | ReThinkAccess ReThinkSystems

The last 18 months have exacerbated many barriers that survivors face when attempting to access justice. Many of the survivors we have spoken to during the pandemic have complained of increased barriers, including lack of language access, lack of access to technology and childcare, and heightened mistrust of the legal system and the police.

مزید پڑھ "

Domestic Violence Awareness Month: Healthy Financial Relationships

More than 1 in 3 women (35.6%) and more than 1 in 4 men (28.5%) in the United States have experienced rape, physical violence, and/or stalking by an intimate partner in their lifetime. Research, as well as NYLAG’s experience advocating for survivors, has established that Linda’s situation is not unique: domestic violence is often accompanied by financially controlling or retaliatory behavior.

مزید پڑھ "

Black Women Equal Pay Day 2021

If you are a Black women, Black Women’s Equal Pay Day is an acknowledgment of the unique challenges that you face in the job market. It is also a call to action. New York Legal Assistance Group (NYLAG) sees you and supports you both with our one-on-one legal and financial counseling services as well as in our impact litigation and public advocacy campaigns.

مزید پڑھ "

Safety Net Assistance (SNA) Benefits Extended to Special Immigrant Juvenile (SIJ) Beneficiaries

The New York Legal Assistance Group is pleased to announce that we have reached a settlement agreement that will result in New York expanding eligibility for subsistence public assistance, called Safety Net Assistance (SNA) benefits, to special immigrant juvenile (SIJ) beneficiaries—unmarried immigrants under 21 years old who have been abandoned, abused, or neglected by one or both of their parents.

مزید پڑھ "

Understanding Your Paycheck

Paychecks, although at times confusing, are key to knowing why you are making the amount of money that you are making and if there can be any adjustments

مزید پڑھ "
اوپر سکرول