Telemarketing fraud, identity theft, and credit card fraud are some of the most common types of fraud costing Americans billions each year. It is important to protect personal information, monitor accounts and statements, use reputable pharmacies, and be wary of unsolicited calls, emails, or strangers seeking access or money. Fraud prevention requires vigilance over personal details and skepticism of deals that sound too good to be true.
2. How big is the problem
More than 11.1 million people in the U.S. have been the
victim of identity theft. This is a 12 percent increase
since 2010.
Telemarketer Fraud costs the American public over 40
billions dollars per year.
1 in 10 Americans have been the victims of credit card
fraud.
1 in 6 Americans have been the victims of
telemarketing fraud.
5. Fraud Flags
Credit Card Numbers
Bank Account Numbers
Social Security Numbers
Do not agree to meet the caller at a bank to withdraw
funds
Do not let the caller send a “runner” to pick up money
Pressure to make up your mind quickly
Sounds too good to be true
6. Identity Theft
Stealing someone's personal information for the
purpose of using that information fraudulently.
Examples
7. Identity Theft
Prevention
Guard personal information
Detection
Credit Reports
Credit monitoring services
Monitor mail and accounts
Defense
Fraud Alert
Close Accounts
Federal Trade Commission
Police
8. Advanced Fee Scheme
Paying money in anticipation of receiving something
of great value
Examples
11. Credit Card Fraud
Fraudulent use of credit card
How does it happen?
Telemarketer fraud
Captured online
Phishing
Number stolen during transaction
12. Credit Card Fraud
Prevention Tips
Keep an eye on credit card as much as possible
Never provide credit card information on an unsecured
website
Shred discarded paperwork with credit card information
Be careful who you provide your credit card number to
Do not email credit card numbers for payment
If your card has been lost of stolen
Contact your credit card number immediately
13. Counterfeit Prescription Drugs
Counterfeit medicine is fake medicine. It may be
contaminated or contain the wrong or no active
ingredient. They could have the right active ingredient
but at the wrong dose. Counterfeit drugs are illegal
and may be harmful to your health.
Only purchase medicine from reputable pharmacies
Be wary of purchasing medicine online and from other
countries
14. Contractor Schemes
Contractors who do not provide the work agreed upon.
People posing as contractors, or utilities employees to
obtain access to home
The Better Business Bureau ranks contractor fraud as
the number 1 complaint every year.
Be wary of door to door contractors
Check the BBB on contractors