Scam definitions and prevention client guide

As you know, protecting your assets and data is priority number one for our firm. But it’s also important that you know about threats you may encounter in other interactions online—from your personal email account to social media and dating apps. In each of these channels, you may run into scams specifically designed to steal your information or assets. To help you recognize and avoid such situations, we’re providing this guide, which explains what scams are and some telltale signs to help you recognize a number of prevalent ones. We also outline steps that you can take if you ever fall victim to a scam. By reviewing this information, maintaining best practices, and exercising caution in your online activities, we can work together to keep you safe.

What is a scam?

A scam is a dishonest or fraudulent scheme. In a typical scam, victims are convinced to send money or provide personal information, believing it’s for a legitimate purpose or going to a trusted recipient. A scammer might also attempt to involve an individual as an intermediary, using them to launder funds stolen from another individual, business, or government agency.

Communications from scammers can originate from almost any source—including mail, email, social media, telephone, and text message—and are often made to appear as though they are from trustworthy parties.

Scams are on the rise, and no one is immune. People of all ages and levels of financial experience have been and continue to be affected. The first step in protecting yourself from falling victim is to be aware of the types of scams and the telltale signs that one may have targeted you.

Types of Scams:

1.Romance/marriage/sweetheart

2.Sweepstakes/lottery

3.Government impersonator

4.Tech or fraud support

5.Real estate scam

6.Business email compromise

7.Investment scam

Download our Scam definitions and prevention client guide here.