In today’s digital world, financial scams are getting smarter—and sneakier. Whether it’s a phishing email, a fake investment opportunity, or a text that looks like it’s from your bank, scammers are constantly coming up with new ways to trick people. The good news? A few simple habits can go a long way in protecting your money and identity.
1. Stay Skeptical of Unsolicited Contacts
If you receive a call, text, or email out of the blue—especially one asking for personal or financial info—be cautious. Don’t click links or download attachments from unknown sources.
2. Don’t Share Personal Info
Never give out your full Social Security number, credit card details, or online banking credentials over the phone or email unless you initiated the contact and are sure it’s legitimate.
3. Use Strong, Unique Passwords
Avoid using the same password across multiple accounts. Use a password manager and enable two-factor authentication (2FA) whenever possible.
4. Keep Your Devices and Software Updated
Security updates help patch vulnerabilities that hackers exploit. Keep your operating system, apps, and antivirus software current.
5. Know the Common Types of Scams
Familiarize yourself with trending scams like:
Phishing: Fake emails or messages pretending to be from reputable companies.
Romance scams: Fake online relationships that turn into money requests.
Investment scams: Promises of high returns with little or no risk.
6. Verify Before You Trust
Always verify the legitimacy of websites, charities, businesses, or people before making payments or donations. When in doubt, do a quick search or call the company directly.
7. Monitor Your Accounts Regularly
Check your bank and credit card statements often. Set up alerts for large transactions or unusual activity.
8. Report Suspicious Activity
If you suspect a scam, report it. In the U.S., you can notify the Federal Trade Commission (FTC). In the Philippines, you can report to the National Bureau of Investigation (NBI) or the Bangko Sentral ng Pilipinas (BSP).
