YOU are the first line of your own defense for fraud prevention Sponsored by jumio
A fraudster only needs to get hold of a couple pieces of your personal information and they can start creating a fraudulent identity. Given that most branch offices are currently closed because of the pandemic, cybercriminals can exploit online channels to perpetuate identity theft.Most banks have a mobile app which you can set to notify you anytime a transaction is made. Monzo, a digital bank out of the UK, is a perfect example.
During the Great Recession, fraudsters impersonating the U.S. government sent emails claiming that recipients needed to click on a link and provide personal information in order to complete their application for unemployment benefits. Even if an email looks legit, hover over the link and you’ll be able to see the actual redirect location. Anyone can create a hyperlink to mask the actual web link they’re sending you to.
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