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Fraud and Identity Today Week In Review: Texts, Fraud Prevention, & More

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Fraud and Identity Today Week In Review: Texts, Fraud Prevention, & More

August 26, 2017
By Mandi Nowitz Web Editor

This week in Fraud and Identity Today, the importance of protecting yourself from phone and texting fraudulent scams were the hot topics. The ways to prevent losing everything are critical for both you and your business.  

The week started out with something that seemingly everyone of all ages does on a daily basis, multiple times per day and that is texting. For many, it seems safer than emailing as one would feel that you would be plagued with more spam and phishing but it is quite the contrary. When you sign up for jokes or even inspirational quotes of the day, the SMS texts can ultimately cost consumers money the end as well as a gathering of their info. For all of the tips to stay safe from SMS/text scams and phishing, you can read the full article here.

Next, we have fraudulent phone callers, whom can extort thousands of dollars from those willing to give out personal information. According to the Indian Express, two incidents were reported as people in India with Navy connections were conned into giving out their bank account information. It is an easy act to fall for, if you are not careful, as frauds can claim they are from debt collectors or personal banks. Again, for ways to keep you and your money safe, you can read the full article here.

Finally, fraud prevention is an issue that all businesses tend to know about but only take seriously after the fact. They need to start addressing the issues before they even occur so that there is no problem in the end. Real-time monitoring is suggested for all companies so that proper tracking can be done. It is important to realize that conference calls play a huge role in fraud as multiple subscriptions as well as multiple lines, can bring frauds out to play…and it is your money they are walking away with. To learn more about this, you can read the full article here.

That has been the week in review for Fraud and Identity Today. Stay on top of ways to prevent fraudulent activity in your life by coming back next week for more articles. 

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