Fraud Awareness in the New Year

A Fresh Start to Protect Yourself

As we usher in another year filled with hope, resolutions, and fresh opportunities, it's also important to recognize that along with new beginnings come new challenges. One of these challenges is the ongoing threat of fraud. Fraudsters are constantly adapting their tactics to the changes in technology, making it crucial for individuals and businesses alike to stay informed and vigilant. Here are some essential strategies and insights to kick off the New Year with a focus on fraud awareness.

Understanding the Landscape of Fraud

Every year, fraudsters become more skilled in exploiting vulnerabilities. Understanding the common tactics employed by fraudsters is essential in safeguarding your personal and financial information.

Common Types of Fraud to Watch For

1. Online Scams: With more people shopping online and using digital services, fraudsters often set up fake websites or use deceptive advertisements to trick consumers.
2. Phishing Attacks: These can occur through emails, texts, or social media messages that appear legitimate but aim to steal personal information, including login credentials and account details.
3. Identity Theft: This occurs when someone uses your personal information to impersonate you for fraudulent activities, leading to potential financial loss and damage to your credit score.
4. Investment Fraud: With the rise of cryptocurrency and other investment opportunities, scams targeting inexperienced investors have also surged.

Tips for Staying Safe from Fraud

• Educate Yourself and Others: Knowledge is power. Stay informed about the latest scams by reading the TouchPoints Blog and visiting Wescom Security Center at wescom.org/security-center.
• Use Strong Passwords: Ensure that your online accounts are protected with strong, unique passwords. Consider using a password manager to keep track of them easily.
• Be Skeptical: If an offer seems too good to be true, it probably is. Always verify the credentials of organizations and individuals before engaging or providing personal information.
• Monitor Your Financial Activity: Regularly check your statements and credit report for unauthorized transactions and credit lines. If you notice anything suspicious, report it immediately.
• Secure Personal Information: Be cautious about sharing personal information online and ensure that your devices are equipped with updated security software.
• Report Fraud: If you encounter a scam or have fallen victim to fraud, report it by visiting the Wescom Security Center at wescom.org/security-center.

As we embrace the New Year, let’s prioritize our financial security and make fraud awareness part of our daily routine. By being informed and proactive, we can better protect ourselves and our loved ones from falling prey to scammers. Just as we set goals for personal growth, let's also commit to safeguarding our financial well-being in 2025.

For more security tips or to report fraud, visit the Wescom Security Center at wescom.org/security-center.