Preventing online fraud with a strong prevention plan is key to keeping you and your business safe from financial loss. Fraud can be done by anyone and can take many forms – some of which are well known, such as phishing scams, embezzlement, identity theft and unauthorized purchases. Others, however, are more elusive and often hard to spot until it’s too late.
To prevent online fraud, keep security software updated, use strong passwords and two-factor authentication, monitor your credit files and account statements and shred documents that contain personal information. Also, be wary of any suspicious emails or calls. Do not click on links provided in these communications, as they may redirect you to a fake website designed to steal your information. Instead, type in the company’s website address directly or use a site that you have previously bookmarked.
Preventing Online Fraud with Smart Fraud Detection Tools: How to Secure Your Business
Your digital footprint is the data you leave behind on the internet – both unknowingly from browsing, shopping, and buying activities and knowingly through social media posts, public reviews and articles. Having a large footprint leaves you vulnerable to targeted cyber attacks that can steal your information to commit fraud.
To help prevent online fraud, limit the amount of personal information that you post (and that your children share) on social media. For example, it’s best to avoid sharing full names, birthdays and other PII in these channels. In addition, invest in a secure mailbox to protect mail from being intercepted and consider using an identity theft protection service for added peace of mind.…