Scary Scams to Avoid

The rise in technological advances have unfortunately also brought on the rise of scams. While scams are not new by any means, the ways in which scammers can attempt to compromise your assets or identity have grown significantly with the use of technology.

Here are some common scams to look out for and ways to avoid them.

Social Media

From Marketplace to messenger and even new friend requests, social media allows scammers to learn enough about you to find a way in. Here are some common social media scams:

Fake Profiles

Oftentimes, scammers will create fake profiles, even using a company’s real logo to look legitimate. They typically reach out with fake websites trying to collect your information. They may lure individuals in to divulge this information with the promise of receiving deep discounts, certain benefits, or for charitable purposes.

Hacked Profiles or Messenger

Instead of creating a fake profile, hackers can steal your own profile and then reach out to connections asking for money or even sharing a link that could be fraudulent.

Phone Scams

Text Messaging

Becoming more common, text messaging has become a way for others to impersonate a trusted source to try to gain information. This may look like a text about a package that couldn’t be delivered, or it may be a text about one of your subscription accounts. The scammer will usually start with a scare tactic before asking for personal information and credit card, such as your account will be on hold or we won’t deliver your package, etc.

RoboCalls

You’ve likely received a robocall. These can sound like a real person and some are starting to be able to respond to questions. They may be calling about warranties or asking for donations.

Email Scams

A recent scam has made the news with individuals pretending to be members of Geek Squad. The scammers send emails out to people warning them that they will be charged hundreds of dollars and that they will need to call a number within 24 hours to dispute. When individuals call, they ask for remote access to the computers, giving the scammers time to install spyware.

How to Avoid Scams

Being aware of these scams is only the first step to protecting yourself. Understanding how to spot and avoid them is essential. Take these steps to help prevent fraud and keep yourself and your financial assets protected.

1. Be Skeptical. Because scammers are getting better at impersonating government agencies and businesses, be wary if you receive texts, calls, or emails. Never give out your personal information.
2. Do Your Research. If you are being contacted asking for donations or information, do your research. Look at websites, reviews, and consider calling to confirm legitimacy.
3. Avoid Numbers You Don’t Know. On your phone, if you’re receiving a call from an unknown number, don’t answer. If it’s important, they will leave a message and you can determine from there if you want to call them back.
4. Avoid Suspicious Payment Requirements. Money orders, wire transfers, cryptocurrency, and gift cards are all ways that scammers tend to want to receive money. These are all difficult to cancel and track.
5. Connect with your Contacts. If a friend reaches out via Messenger asking for money or sharing a link, give them a call and confirm it was them. If someone new you don’t recognize asks to “friend” you, check their profile. If they have low or no followers, it’s likely a scammer.
6. Avoid Suspicious Links. Whether via a text, email, or on social media, be wary of links.

Home State Bank is focused on protecting our customers. If you’re ever concerned about a possible scam or fraudulent activity, make sure to contact us.

Home State Bank is a Member FDIC and Equal Housing Lender