A Guide to Protecting Yourself From Financial Scams

Many types of scams exist, but they all have one thing in common: They’re all designed to con people into revealing their personal information or handing over their money. Some scans are easy to see through, but others can be difficult to catch. That’s why it’s important to learn how to recognize a scam and what to do if you think you’ve been targeted by or fallen victim to a financial scam.

Types of Scams and How to Recognize Them

Some scammers may choose to knock on your door, while others will try an unexpected email or phone call. Thanks to the Internet, scammers have more options than ever before to scam people out of their hard-earned money. Some of these scams are easy to notice, but others are much more sophisticated. Some examples of scams include:

Signs of Financial Scams

Not all financial scams are easy to spot, but many scams have similar red flags. One of the biggest red flags is that the scammer will give you an urgent deadline to act: They want to put pressure on you to make a split-second decision, rather than giving you time to sit back and think about what they said. Scammers know that if you have time to think, you may spot the holes in the scammer’s story.

Other warning signs of financial scams include:

Ways to Protect Yourself

It isn’t impossible to protect yourself from a scammer! Even if it is a very sophisticated scam that you cannot see through at first, there are still things you can do to protect yourself or limit yourself from being the target of more scams in the future.

Signs of Good Security

Whether you are shopping online or in person, scammers are everywhere. You can minimize your chances of being targeted by a scammer by looking for signs of good security everywhere you go.

When shopping in person:

When shopping online:

Additional Resources to Protect Yourself From Scammers