Frauds and scams do occur in normal life of atleast 30% people. As we all know safety and caution is the best measures one can apply in his/her life to remain refrain from frauds. Please check below mentioned 10 ways to avoid frauds-
1. The first thing one should be sure of is the person or the company one is dealing with. If one is aware of the person’s or the company’s background information then they already can access information or find out whether this company or person can provide a certain amount of quality services and whether these services are reliable or not. It is always safer to first cross check and goes via a source.
2. Often it happens that may individuals get messages or emails and sometimes also as ads and phone calls saying that they have won lotteries or a certain huge amount of money and to send all their details including their name, address, email-id, and other specific details which would help them to transfer money. It has to be remembered that in most cases these are fraud and such information should never be given as it helps in transferring all your information and gives the access to all financial details thus helping in the transfer of funds without notice.
3. When transfer of funds is taking place one should keep in mind that once the funds are particularly transferred overseas, the transfer cannot be reverted. Wiring money has a high potential of risk and therefore wiring money to unknown and untrustworthy sources is not advices. Requests for money transfers to be discreet are therefore also not a good idea.
4. Many frauds often steal information related to accounts and hack into various places to acquire the money. Thus one should be very careful whom they are providing their account information to and why. The account information given has to be only the information that is required to transfer the money to the account not more than that. If one probe to acquire more information so that the one acquiring them can manage to access the account dealings, one should be careful not to give. If one does not understand the tits and bits about these things they should inquire before doing anything.
5. One should always keep a proper check of the monthly bank statements carefully and make sure that whatever the bank has charged you for is a fact and not anything outside your knowledge. This is crucial as it helps you identify the sources which you are being made to pay for and might not have been the reason. If there are any pointers that you have identified are very important that a reporting of this is made to the bankers or the proper authority and the appropriate steps are taken to avoid such a case.
6. Credit cards have a high risk rate and thus extra carefulness is required in its handling. It is only with a swipe that money is transferred and doesn’t need any sanction. Credit cards should never be lost or misplaced for if it gets into wrong hands money can be drawn till the credit limit. That might be a huge problem for certain people for they might be using it only for emergency purposes.
7. When using any kind of credit or debit cards, one should be careful that no one sees the passwords they use to extract money at ATM’s or at other ships as they make any purchase or payment. They should also be even more careful of who they let use their cards and who is given access to passwords and other information.
8. Internet is one place where a lot of financial transactions take place on a regular basis, therefore everyone has to be very careful as certain sites may use the input of information for payment and use it to transfer money from the customer’s account without any permission. A lot of malpractices can be carried out through the internet and thus information should be password protected for safe use.
9. Credit card numbers are highly crucial and so one should be careful who they are letting access to the information.
10. Before signing any document, any formal or financial or legal document has to be read properly and considered. Sometimes they have to be aptly interpreted by professionals to even understand the meaning. If this isn’t done then many could get cheated.