Personal financial fraud is a severe crime that can negatively impact your credit, finances, and reputation. Criminals will try to steal your identity by obtaining sensitive information such as your bank account, credit card details, banking information, and other personal details. Don’t fall prey to fraud with your own money. Though it can be challenging to combat fraud, you should consider taking preventative measures. Following these rules will significantly reduce the likelihood of becoming a victim of fraud when handling money.
Find out about current financial scam techniques.
Staying abreast of current scams will help you avoid falling prey to them. Constant innovation in fraudulent practices is necessary for fraudsters to successfully defraud victims of their money and personal information. Keep yourself from falling victim to financial scams by learning about the latest ones and taking precautions.
Asking about the bank’s fraud prevention procedures would be beneficial.
You should know what to watch for in terms of potential internet fraud. The following step is to become familiar with your bank’s preventative measures to protect you against these scams. Many customers don’t realize that each financial institution has its measures to deter fraud. Learn the rules of your bank and the safeguards it provides against fraud.
When shopping online, exercise caution.
Exercise caution can reduce the likelihood of falling prey to online scams. Before purchasing from an unfamiliar online store, learning as much as possible about its legitimacy is a good idea. In addition, always use a secure connection when shopping online to avoid having sensitive information like credit card details stolen.
Pick reputable online merchants with a history of trouble-free purchases and helpful customer care when doing your purchasing. Make an effort to read customer reviews to learn more about the website. You can also search the site’s name on social media or in the press; if you find many poor reviews or stories of possible fraud, you should probably avoid the site.
Refrain from replying to emails that you weren’t expecting.
Keep in mind that you should never respond to an unwanted email. Watch out for emails that ask for sensitive information such as account numbers, passwords, SSNs, or credit card details. You should not click on links or download attachments when opening suspicious emails.
Any call that asks for your personal information over the phone should be treated with suspicion.
The following are some precautions you can take to avoid becoming a victim of phone fraud, as well as steps to take if you believe you may already be a victim:
- Please only give out personal information over the phone if you’re sure it’s needed for your current banking connection.
- Immediately hang up and dial the bank’s toll-free number if someone pretending to be from the bank calls and asks for personal or account information (found on the back of your credit card or statements).
- If you suspect a fraudulent transaction on your account, contact your bank or credit card provider immediately. You should also get in touch with the police in your area and make a report with them in case the authorities decide to look into the matter further at any time.
You should always shred documents containing sensitive financial data
Suppose you want to keep your money and identity safe against identity theft. In that case, you should eliminate any documents that criminals could use. Bank statements, bills, credit card offers, investment account details, and insurance policies should all be shredded.
Think about putting limits on your credit or keeping an eye on it.
Maintaining an accurate credit report is your best defense against an early warning sign of financial theft. You may aid this process by checking your credit report periodically. Fix any mistakes right away. You can freeze your credit if you want extra security against fraud and identity theft.
Education on fraudsters’ methods is another crucial step in protecting oneself from becoming a victim of financial fraud. Please use caution when providing personal information over the phone or online. Doing so could leave you open to identity theft or financial fraud. No one should ever have access to your credentials, and you should never accept attachments or click on links from suspicious sources.
After entering the financial services industry in 1994, it was a desire to guide people towards their financial independence that drove Aaron to start Steele Capital Management in 2013. Armed with an extensive background in financial planning and commercial banking coupled with a sincere passion for helping people, Aaron has the expertise and affinity for serving the unique needs of those in transition. Clients benefit from his objective financial solutions and education aligned solely with
helping them pursue the most comfortable financial life possible.
Born in Olympia, Washington, Aaron spent much of his childhood in Denver, Colorado. An area outside of Phoenix, Arizona, known as the East Valley, occupies a special place in Aaron’s heart. It is where he graduated from Arizona State University with a Bachelor of Science degree in Business Administration, started a family, and advanced his professional career.
Having now returned to his hometown of Olympia, and with the days of coaching his sons football and baseball teams behind him, he now has time to pursue his civic passions. Aaron is proud to serve on the Board of Regents Leadership for Thurston County as the Secretary and Treasurer for the Morningside area. His past affiliations include the West Olympia Rotary and has served on various committees for organizations throughout his community.
Aaron and his beautiful wife, Holly, a Registered Nurse, consider their greatest accomplishment having raised Thomas and Tate, their two intelligent and motivated sons. Their oldest son Tate is following in his father’s entrepreneurial footsteps and currently attends the Carson College of Business at Washington State University. Their beloved youngest son, Thomas, is a student at Olympia High School.
Focused on helping veterans and their families navigate the maze of long-term care solutions, Aaron specializes in customized strategies to avoid the financial crisis that care related expenses can create. Experience has shown him that many seniors are not prepared for the economic transition that takes place as they reach an advanced age.
With support from the American Academy of Benefit Planners – an organization with expertise and resources on the intricacies of government benefits – he helps clients close the gap between the cost of care and their income while protecting their assets from depletion.
Aaron can help you and your family to create, preserve and protect your legacy.
That’s making a difference.
Investment advisory services are offered through BWM Advisory, LLC (BWM). BWM is registered as an Investment Advisor located in Scottsdale, Arizona, and only conducts business in states where it is properly licensed, notice filed, or is excluded from notice filing requirements. BWM does not accept or take responsibility for acting on time-sensitive instructions sent by email or other electronic means. Content shared or published through this medium is only intended for an audience in the States the Advisor is licensed in. If you are not the intended recipient, you are hereby notified that any dissemination, distribution, or copy of this transmission is strictly prohibited. If you receive this communication in error, please immediately notify the sender. The information included should not be considered investment advice. There are risks involved with investing which may include market fluctuation and possible loss of principal value. Carefully consider the risks and possible consequences involved prior to making an investment decision.
Confidential Notice and Disclosure: Electronic mail sent over the internet is not secure and could be intercepted by a third party. For your protection, avoid sending confidential identifying information, such as account and social security numbers. Further, do not send time-sensitive, action-oriented messages, such as transaction orders, fund transfer instructions, or check stop payments, as it is our policy not to accept such items electronically. All e-mail sent to or from this address will be received or otherwise recorded by the sender’s corporate e-mail system and is subject to archival, monitoring or review by, and/or disclosure to, someone other than the recipient as permitted and required by the Securities and Exchange Commission. Please contact your advisor if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services. Additionally, if you change your address or fail to receive account statements from your account custodian, please contact our office at [email protected] or 800-779-4183.
In a letter addressed...
Working for and retiring...
Free Retirement Benefits Analysis
Federal Retirement benefits are complex. Not having all of the right answers can cost you thousands of dollars a year in lost retirement income. Don’t risk going it alone. Request your complimentary benefit analysis today. Get more from your benefits.I want more