October is Cybersecurity Awareness Month: Protect Yourself from Scams

As October rolls in, it brings with it Cybersecurity Awareness Month—a timely reminder for individuals to bolster their defenses against the ever-evolving landscape of scams. With technology advancing at a rapid pace, scammers are becoming increasingly sophisticated, employing tactics that can easily deceive even the most vigilant among us. This article aims to equip you with the knowledge and tools necessary to protect yourself from various scams that proliferate online and offline.

The Sophistication of Scams

“Scams have become so sophisticated now. Phishing emails, texts, spoofing caller ID, all of this technology gives scammers that edge,” says Eva Velasquez, president and CEO of the Identity Theft Resource Center. As scammers continuously innovate their methods, it is crucial for consumers to remain vigilant about who they trust, particularly in the digital realm.

The Three S’s of Scam Prevention

Alissa Abdullah, also known as Dr. Jay, Mastercard’s deputy chief security officer, suggests a simple mantra to remember when faced with potential scams: “Stay suspicious, stop for a second (and think about it), and stay protected.” This three-step approach can serve as a quick mental checklist to help you navigate suspicious situations.

Understanding Scammers’ Tactics

Scammers often rely on three primary tactics to manipulate their victims: fear, urgency, and money. Understanding these tactics can help you recognize when you might be targeted.

Fear

Scammers frequently exploit fear to create a sense of urgency. For instance, you might receive an email claiming that your tax return has an error that could lead to severe consequences if not addressed immediately. This tactic is designed to provoke anxiety and prompt hasty decisions.

Urgency

The element of urgency is another powerful tool in a scammer’s arsenal. By insisting that you must act quickly—often within a matter of hours or even minutes—scammers can pressure you into sharing sensitive information, such as your Social Security number, without taking the time to think critically about the situation.

Money

Finally, many scams revolve around the promise of money. Scammers may impersonate tax professionals or government agencies, claiming that you can receive a larger tax refund if you pay a fee or share personal information. This bait can be particularly enticing, especially during tax season.

Common Scams to Watch Out For

Being aware of prevalent scams can significantly reduce your risk of falling victim. Here are some of the most common scams currently circulating:

Robocalls

Robocalls are automated phone calls that often target vulnerable populations, including seniors and individuals with disabilities. If you receive a robocall from an unknown number, it’s best to hang up immediately. James Lee, chief operating officer at the Identity Theft Resource Center, advises consumers to verify any claims by calling the company directly using an official number.

Romance Scams

Romance scams are particularly insidious, targeting lonely individuals seeking companionship. These scams can unfold over months or even years, as scammers build emotional connections with their victims. Kate Kleinart, a victim of a romance scam, advises caution if a new online friend seems too good to be true or asks to communicate on less secure platforms like WhatsApp. Always verify the identity of individuals you meet online, especially if they request money or personal information.

Job Scams

Job scams often involve impersonators posing as recruiters or companies to steal personal information. These scams typically feature enticing job offers with high salaries for low-skilled work, often advertised as remote positions. Legitimate employers will not ask for sensitive information, such as your Social Security number, until later in the hiring process.

Investment Scams

Investment scams lure individuals with promises of quick riches, often through social media or online ads. These scams may involve cryptocurrency or fake testimonials. To protect yourself, research any investment opportunity thoroughly before committing any funds.

Quiz Scams

Quiz scams may appear harmless, asking seemingly innocuous questions about your interests. However, scammers can use the information you provide to answer security questions or gain access to your accounts. The Federal Trade Commission (FTC) recommends avoiding these quizzes altogether.

Marketplace Scams

When buying or selling items online, be cautious of scams on platforms like Facebook Marketplace or Instagram. Always check the seller’s profile, avoid sharing sensitive information, and conduct thorough research before making a purchase.

Protecting Yourself

Don’t Answer Unknown Calls

If you receive a call from an unknown number, it’s best not to answer. Scammers often use phone calls to initiate contact. If you suspect a legitimate organization is trying to reach you, call them back using a number from their official website.

Utilize Technology

Take advantage of technological tools to safeguard your personal information. Use a password manager to create complex passwords, regularly check your credit report and bank statements, and enable multi-factor authentication on your accounts.

Seek Help When Needed

If you’re unsure about a potential scam, don’t hesitate to reach out for assistance. Organizations like the Identity Theft Protection Center and the AARP Fraud Watch Network offer free resources to help you identify scams and navigate the aftermath of being targeted.

Share Knowledge with Loved Ones

Once you’ve equipped yourself with knowledge about scams, consider sharing this information with friends and family. Educating those around you can create a community of informed individuals who are better prepared to recognize and avoid scams.

Reporting Scams

If you or someone you know has fallen victim to a scam, it’s essential to report it. The FTC provides a platform for reporting fraud, which can help authorities track and combat these criminal activities.

Conclusion

As Cybersecurity Awareness Month unfolds, take the opportunity to educate yourself and others about the various scams that exist in today’s digital landscape. By staying informed and vigilant, you can protect yourself and your loved ones from the ever-present threat of scams. Remember the three S’s: Stay suspicious, stop and think, and stay protected. Together, we can create a safer online environment for everyone.