Beware of Fake Fraud Alerts

Beware of Fake Fraud Alerts. Chances are you've gotten a fraud alert from your bank or credit card company asking you to verify that you've actually made a certain debit or credit transaction. They do this when their security algorithms spot something that doesn’t seem right. And the use of this computer technology does help reduce fraud – something we all pay for in the form of higher prices and interest rates. But beware: Scammers are now trying to cash in on the spike in fraud alerts. They’ll call or text and pretend to be the fraud department with your financial institution or credit card company. They're hoping they can trick you into giving them your account number or other personal information. Your bank or credit card company already has your personal information and would never call you and ask your for it. Hang up the phone, look at your card and call the number on the back. By making that call yourself, you know you’re not talking to a scammer.
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Scammers are now trying to cash in on the spike in fraud alerts.

Chances are you’ve gotten a fraud alert from your bank or credit card company asking you to verify that you’ve actually made a certain debit or credit transaction. They do this when their security algorithms spot something that doesn’t seem right.

Even when the charge is legit, it’s nice to know they’ve got your back. And the use of this computer technology does help reduce fraud –…

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