Willingly Robbed: Protecting Yourself from Payment Scams (Part 2 of 2)

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Read Part 1 of 2

As you learned in part one of this blog, Willingly Robbed: Modern Payment Scams, there are many tricks con artists use to scam you out of your hard-earned money. While online security can be a scary topic to approach, there are some tips to keep in mind that can protect you from falling victim to one of these ruthless tricks.

  • No one wants to give you money for free. If someone is offering to do that, there will always be a catch, and the catch will cost you.
  • You should never pay a fee to get money. You didn’t win the Irish Lottery and there is no rich benefactor in Nigeria that needs your help to smuggle money into the country.
  • Don’t fall for the overpayment scam when selling something. No legitimate buyer needs you to do his clerical work for him.
  • Don’t automatically trust a cashier’s check from a stranger. If some needs to pay you from long distance, have them wire the money. If they are local, meet them at their financial institution and verify the check with the institution.
  • If someone you know wants you to send them money, talk to them over the phone and verify details about your relationship not available online.

In general, be skeptical of offers from people you don’t know. Remember that if something sounds too good to be true, then it probably is.

Tim Grove, vice president of systems development, has been with EECU Credit Union’s information technology team since 1999, and is responsible for the programming and development of EECU’s website as well as all online and mobile services. Tim holds an undergrad degree in marketing from Oklahoma Christian University as well as an MBA from the University of Texas at Arlington, and has served marketing and IT teams at companies including Canon, EDS and Halliburton.

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