Tips for Preventing Fraud

Written by Sonia Ernst, Trading/Operations

Cybercrime and fraud are serious threats and constant vigilance is key. While our firm plays an important role in protecting your assets, you can also take action to protect yourself and help secure your information.

Cyber criminals exploit our increasing reliance on technology. Methods used to compromise a victim’s identity or login credentials – such as malware, phishing, and social engineering – are increasingly sophisticated and difficult to spot. A fraudster’s goal is to obtain information to access your account and assets or sell your information for this purpose. Fortunately, criminals often take the path of least resistance. Following best practices and applying caution when sharing information or executing transactions makes a big difference.

Our Tips for Preventing Fraud checklist summarizes common cyber fraud tactics, along with tips and best practices. Many suggestions may be things you’re doing now, while others may be new. We also cover actions to take if you suspect that your personal information has been compromised. If you have questions, we’re here to help.

What can you do to prevent fraud?

  • Be aware of suspicious phone calls, emails, and texts asking you to send money or disclose personal information. If a service rep calls you, hang up and call back using a known phone number.
  • Never share sensitive information or conduct business via email, as accounts are often compromised.
  • Beware of phishing and malicious links. Urgent-sounding, legitimate-looking emails are intended to tempt you to accidentally disclose personal information or install malware.
  • Don’t open links or attachments from unknown sources. Enter the web address in your browser.
  • Never enter confidential information in public areas. Assume someone is always watching.
  • Check your email and account statements regularly for suspicious activity.

NOW AVAILABLE: Tips for Preventing Fraud

This checklist provides information about how to protect your identity and prevent fraud threats. Following cybersecurity best practices makes a big difference. If you have questions, we’re here to help.

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Cybersecurity Best Practices