There are many scammers in the world, and just as many ways to be scammed. Recently, our credit union members have called us and reported receiving a letter in the mail with a check in it. This is just one example of many ways you can fall victim to a scam. If you received this letter, DO NOT CASH THE CHECK and throw it away. At First Choice Credit Union, we want you and your personal information to stay safe. Here are 3 ways to protect yourself from scams.
Learn About The Different Types of Scams
Scams often try to glean information from you that can be later used against you. This can result in identity theft, private information release, and financial hacking. Read about common types of scams and how to identify them here. It is unbelievable the ways people prey on the vulnerable; do not let yourself be one of them! The old adage really applies here: if it is too good to be true, it isn't.
Keep Personal Information Safe – Even from Family
One of the most exploited groups of people are actually the elderly. Sadly, over 90% of elderly abuse is committed by a family member. It is so important to keep your personal information safe from even relatives. Do not give your social security number, credit card number, checking account number, or any other financially identifying information freely.
No Transactions With a Person or Business You Do Not Trust
A good rule of thumb to protect yourself from scams is never involve yourself in a transaction involving a business you have never heard of. If a salesman solicits at your doorstep, do not open the door. If a pop-up advertises on your computer browser, do not click the ad. If you get a phone call asking for personal information, do not divulge anything. If you did not seek out and initiate the transaction, be skeptical of what you are doing.
These three tips will go a long way in protecting yourself, but there's still more you can do. Learn as much as you can about scams and then protect your loved ones by educating them, too. Click here to learn about what to do if you are involved in a scam as a credit union member.
