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Internet scammers are out there ?
The internet has eyes, REALLY! Not quite like the Hollywood horror movie type of eyes, but the internet is definitely watching you. Scammers (or fraudsters) are online criminals who impersonate others in order to steal their identities and their money. There are ways to protect yourself, and it doesn’t involve carrying pepper spray around. Learn how NOT to be an easy target for online scams so your accounts stay protected.
Change your passwords (often)
We’ve all experienced the frustration of forgetting a password (or two) and may attempt to avoid this by using the same password for all accounts. Well, easily guessed passwords are a gift to online fraudsters. One way to help protect yourself is to change your passwords on a regular basis and make them (at least slightly) difficult. Try using a combination of uppercase letters, lowercase letters, and special characters. On your phone, consider enabling your thumbprint to be your password.
Quick tip: It’s also a smart idea not to write all your passwords down and save it in a folder called “Passwords,” since online fraudsters can gain access to your hard drive and the folders it contains.
Beware of email attachments
Remember when your parents used to say, “don’t accept candy from strangers?” The same applies to email attachments. If you don’t know the sender, then don’t open it. Scammers send you attachments as a way to trick you into installing Malware (malicious software) onto your computer so that they can potentially get access to sensitive information.
Don’t send personal account information by email
If a financial institution requests any information through email, don’t respond directly. If you see this type of email, it’s most likely a scam, as no reputable bank would ask you to send personal information over the internet. Instead, go to the app or online portal and verify they have attempted to reach you. If not, call customer service to verify any communication.
Monitor your credit report
Monitoring all open accounts and inquiries within your credit report helps keep you aware of changes and better able to detect fraud. MoneyLion offers ==free credit monitoring== services so you can avoid credit surprises and be the first to know when there’s a change to your report. If you see something that looks suspicious, you then have the opportunity to work with the credit bureaus to have it removed.
Work with trusted financial institutions
A great foundation to protect against online fraud is to work with a trusted financial institution. And you’re in luck. MoneyLion will soon offer ==zero-fee checking== with fraud alerts. Be the first to know when anything out of the ordinary happens, like a login from a new device, or a suspicious transaction. If fraud does occur, you’ll be able to make a report easily through the MoneyLion mobile app. For additional peace of mind, bank deposits will also be FDIC insured up to $250,000.* It’s time to start getting more bank for your buck.
Be cautious, stay aware ?
Don’t be the person in the horror movie that runs up the stairs instead of out the front door. Stay aware, whether you’re checking your email or your bank account balance. Scammers are out there and ready to expose your personal information for their benefit. Take the extra precautions now and save yourself the time and frustration later.
*Checking accounts will be offered through a third-party partner bank, Member FDIC.