What is Fraud?
Fraud is when someone deliberately deceives another person or organization to gain money, information, or another benefit. It often involves misleading, impersonating, or tricking someone into taking an action they didn’t intend. Fraud can happen online, by phone, or in person, and staying aware is one of the best ways to stay protected.
What is Identity Theft?
Identity theft happens when someone steals your personal information and uses it without your permission. This can include using your name, account details, or financial information to commit fraud. It can affect your accounts, credit, and overall financial security.
How Can I Spot a Scam?
The Approach
Scammers will often pretend to be someone they are not, a government official, an expert investor, a lottery official, or even a romantic admirer. They will also use various communication methods, including online, phone calls, text messages, and in-person.
Communication
A scammer will use tricks to convince you to part with your money. If you speak to them, they may use personal details to appear legitimate, contact you regularly, create a sense of urgency, and play with your emotions.
Sending Money
One of the most significant clues you will have that a scam is occurring is when you are asked to send money. Asking for money can come within minutes of the fraud's beginning or after months of careful grooming. Scammers are generally willing to accept money by any means, including direct bank transfers, preloaded debit cards, gift cards, virtual currency, and more.
Learn about Common Scams
Read our list of common scams so you can more easily spot scams and fraud.
Visit the Federal Trade Commission's Consumer Advice website to learn more about scams.
