Insurance protects the things that matter most to us: our families, our homes, our businesses, our lives. But what about the one thing that defines who we are, our identity. We live in an age where there is a heavy reliance on technology. This makes us vulnerable to all kinds of fraudulent activity, such as hackers, scams, and identity thieves.
Here are the top 5 common types of fraud released in a recent issue of Edward Jones Perspective:
- Identity Theft: When someone other than you illegally obtains private information, such as Social Security numbers, credit and debit card account numbers, personnel records, and any other private personal or account information.
- Phishing: A form of identity theft where thieves “hook” you into revealing personal information online, such as through a pop-up ad, or email/website that appears to come from a legitimate business.
- Grandparent Scams: A caller pretends to be a grandchild in need of money to be immediately wired due to an emergency, such as an accident or arrest in a foreign country.
- Inheritance Scams: Someone posing as an attorney claims he or she is going to give you a deceased client’s fortune as long as you pay exorbitant fees upfront.
- Lottery Scams: A caller notifies you that you have just won the lottery, although you never entered the lottery. Certain scams indicate sponsorship from famous people or well-known companies.
Always report any suspicious phone calls, emails, pop-up ads, and websites. Never carry your Social Security card and shred all private information before disposing of it. Update your computer security and install an updated anti-virus software program. Most importantly, talk to your independent agent about adding identity theft protection services onto your existing policy.
For more information on identity theft coverage, contact McGrath Insurance Group at 800-342-3859 or visit our website at www.mcgrathinsurance.com.
*This article is written for informational purposes only and should not be construed as providing legal advice.