Stay Safe: Common Types of Fraud and How to Protect Yourself

Recently, Westminster Canterbury Richmond’s Security Manager, Glendon Kemp, shared his expertise on fraud threats to seniors at the LeadingAge Virginia Expo. Fraud is an ever-evolving threat, and staying informed is your first line of defense. We are sharing some of the key points he covered so that you will be better able to protect yourself and those you love. 

Common Types of Fraud

  • Computer Scams Resembling Viruses: You might receive a pop-up or email claiming your computer is infected and offering a solution. These scams often look legitimate but are designed to trick you into giving away personal information or downloading malicious software.
  • Gift Card Scams: Fraudsters often pose as someone you trust, asking you to purchase gift cards and send them the codes. They might claim it’s for a family emergency or a special surprise. Remember, no legitimate entity will ask for payment in gift cards.
  • Impersonation Scams: Scammers may pose as law enforcement officers, bank representatives or fraud investigators. They use high-pressure tactics to make you feel threatened or rushed. Real authorities will never ask for your personal information or money over the phone.
  • AI Impersonation: Advanced AI can mimic the voice of family members, making it sound like a loved one is in trouble and needs money urgently. Always verify the caller’s identity by asking questions only your family member would know.

Ways to Prevent Getting Scammed

  • Verify Requests for Money: If a friend or family member asks for money through email or social media, call them directly to confirm the request. It’s better to be safe than sorry.
  • Use a Family Code Word: Establish a code word known only to your family members. If someone claims to be a relative in distress, ask for the code word to verify the caller’s identity.
  • Stay Calm and Skeptical: If you receive a call from someone claiming to be from the “fraud department” or police and you feel frightened, it’s likely a scam. Hang up and call the official number of the institution to verify.
  • Avoid “Winning” Scams: Be wary of offers that promise you’ve won a large sum of money but require you to pay a fee or provide personal information to claim it. Legitimate contests and lotteries don’t ask for money upfront.

Final Thoughts

Scammers use fear and urgency to trick their victims. By staying calm, verifying information, and being cautious, you can protect yourself from falling prey to these schemes. Remember, it’s always better to double-check than to rush and regret. Stay informed, stay vigilant and stay safe!

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