Fraud is a broad term that covers any activity where someone knowingly misrepresents or conceals important information to deprive someone else of money or property. Some fraud activities are more serious than others, but all fraud is illegal.
Using the most up-to-date threat intelligence and best practices, we are constantly on the lookout for any signs of fraudulent activity. If we see something suspicious, we will send you an alert and investigate.
Consumer fraud impacts millions of people each year and can result in financial harm. Learn more about common types of fraud and what to watch out for to help protect yourself and your family.
Based on Federal Trade Commission (FTC) reports, the most common types of fraud include imposter scams, online shopping and sweepstakes scams. But there are many more ways fraudsters try to steal your money and personal information.
FTC reports also show that senior citizens are often the target of specific types of fraud. Elderly fraud includes scams that target a person’s money, assets and/or identity, as well as abuse of an older adult. These scams can take the form of impersonating debt collectors, claiming to be a charity fundraiser or taking advantage of a loved one’s memory loss.
Fraudsters are constantly evolving their tactics to evade detection and make it more difficult to safeguard your money and data. That’s why a comprehensive fraud risk management approach, including fraud detection, is essential for protecting your financial assets.