Fraud Prevention Checklist for Consumers

Here are some things you can do immediately to help protect yourself against fraud.

Financial Security

Monitor Your Accounts:

• Regularly check bank statements, credit card statements, and credit reports for any unusual activity.
• Set up alerts for your bank and credit accounts to receive notifications of any suspicious transactions.
• Report any unauthorized transactions to your bank or credit card issuer immediately.

Use Secure Payment Methods:

• Use credit cards over debit cards for online purchases as they offer better fraud protection.
• Avoid using public Wi-Fi for financial transactions. Use a secure connection or a VPN.
• Do not store your payment information on websites or apps unless necessary.

Personal Information Protection

Secure Your Devices:

• Use strong, unique passwords for all devices and accounts.
• Enable multi-factor authentication (MFA) wherever possible.
• Keep your software and operating systems updated with the latest security patches.
• Install and regularly update antivirus and anti-malware software.

Guard Your Personal Information:

• Do not share personal information (e.g., Social Security number, bank account details) over the phone, email, or text unless you are sure of the recipient's identity.
• Shred documents containing personal information before disposal.
• Be cautious about the information you share on social media.

Online Safety

Recognize Phishing Scams:

• Be skeptical of unsolicited emails, texts, or calls asking for personal information.
• Check the sender's email address and look for signs of phishing, such as spelling errors and generic greetings.
• Hover over links to see the actual URL before clicking and avoid clicking on suspicious links.

Shop from Trusted Sources:

• Ensure the website is secure (look for "https" and a padlock icon in the address bar) before entering payment information.
• Research the seller and read reviews before making a purchase.
• Avoid deals that seem too good to be true; they often are.

Physical Security

Protect Your Mail:

• Retrieve your mail promptly and use a locked mailbox if possible.
• Be cautious of mail forwarding scams and verify address changes with the post office.
• Mail check payments from directly inside your post office when possible.

Safeguard Your Cards and Documents:

• Carry only essential cards and identification.
• Keep your wallet or purse in a secure place and be vigilant in crowded areas.

Identity Theft Protection

Monitor Your Credit:

• Check your credit reports regularly (you are entitled to a free annual report from each of the three major credit bureaus).
• Place a fraud alert or credit freeze on your files if you suspect identity theft.

Respond Quickly to Fraud:

• If your identity is stolen, contact your bank, credit card companies, and the Federal Trade Commission (FTC) immediately.
• File a police report and keep a copy for your records.

Educate Yourself

Stay Informed:

• Keep up with the latest fraud schemes and tactics.
• Attend fraud prevention seminars or webinars offered by community organizations or financial institutions.

By following this checklist, you can significantly reduce the risk of becoming a victim of fraud. Stay vigilant and proactive in protecting your personal and financial information.