Fraud

Ways to Reduce Being Victim of Fraud

Fraudulent phone calls and emails have continued to be a hot topic. So I thought I’d share my thoughts on how to reduce being victim of a scam.

Just of all, note that it is also unfortunate for the financial institution to be impersonated by someone else. When you need to track down the fraudulent transaction, the bank will need to assist in the process and it just gives them more work and it’s not like you are paying them extra to do the work. Even though you may already feel that you are paying enough in fees to the bank, they still need to pay their employee to take on the extra work. If they end up having too much work, they will need to hire more help and then a fee increase will probably kick in.