Seven Common Scams and How to Avoid Them

by Allison Ryan
May 29, 2024

Knowing the signs and what to look for when it comes to common scams is half the battle and one of the first ways to help protect yourself against fraudsters and their schemes. Read more about seven common fraud scams and what to do when you encounter them.

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Emails or texts that look legit but are usually slightly off in the details. Scammers use these to try to get bank account information, log in credentials, and other personal information.

How to Avoid: Be cautious about clicking on links or opening attachments in unexpected emails/messages from unknown sources. Verify the website/phone number separately to confirm validity. 

Read more here about Mailbox Phishing Scams.


Ransomware is software that holds your device hostage by restricting access until you pay. It spread to your devices when you click on an infected email attachment or link.

How to Avoid: Be cautious about clicking on links or opening attachments in unexpected emails/messages from unknown sources. Run antivirus software to remove malicious software on your computer.

Imposter Fraud

Imposters solicit you for money by impersonating authoritative entities like the IRS, local police, etc.

How to Avoid: Keep in mind, government agencies will NEVER call you about official business or ask you to wire money.

Remember: You will NEVER receive a text, call, or email from FGB asking you for your Debit Card number. 

Elder Fraud

Scammers attempt to sound like grandchildren or family members in trouble to get money.

How to Avoid: Contact the family member who allegedly made the call to verify the details.

Did you know? About 20% of older Americans fall prey to financial exploitation. Read more here.

Romance Scams

Scammers pretend to fall in love with people to win their trust and steal their money. These types of scams are often initiated on dating sites or social media.

How to Avoid: Don’t wire money to people you know.

Employment Scams

Scammers may pose online as employers or recruiters and ask you to deposit an official-looking paycheck in your account and wire a portion of it to someone else.

How to Avoid: If the job is for a well-known company, double check the website and confirm the job is posted there. Avoid on-the-spot offers and make sure to get everything in writing.

Peer to Peer Payments

Scammers will use platforms like Zelle, Venmo, and Paypal to trick you into sending money for goods and services that never arrive.

How to Avoid: Before transferring funds, ALWAYS verify the recipient is legit.

Remember to regularly monitor your accounts and be skeptical of unsolicited communication. By being proactive, you can avoid many of these common scams and keep your money, accounts, and personal information safe.

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