Fraud: Proactive & Reactive Steps to Take
Millions of people are victims of fraud each year in America. Because of the rise in fraud and theft, it’s important to know the different types of fraud, steps to take after fraud, and ways to prevent fraud from occurring.
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Different Types of Fraud
Unfortunately, fraud has many faces and can infiltrate your life in different ways. One of the best ways to avoid fraud is to know the different types of fraud that exist. Different types of fraud include (but are not limited to):
- Credit card
- Identity
- IP address
- Social security
- Withdrawals from accounts
Steps to Take After Fraud Has Occurred
No one likes to deal with fraud and it tends to take a good amount of time to alert everyone involved. However, the sooner you can alert each company that has been affected, the better! For example, if your credit card has been stolen and there have been fraudulent charges made, call the credit card company directly and dispute the charges. Ask them to immediately cancel your credit card so the thief will not be able to make any more purchases.
It is also helpful to file a police report so the theft is documented legally. It is important to tell the police officer everything that was stolen from the smallest to the largest items. Keep a file of the police report for future reference.
Ways to Prevent Fraud
It’s important to take steps to prevent fraud, however difficult it may be. The best way to prevent fraud is being proactive. Daily checking your bank accounts (including checking, savings, and credit card statements), signing up for free credit score monitoring (such as Credit Karma), or paying for services that will check for identity theft and fraud every month and notify you updates.
SPGG attorneys are extremely experienced and knowledgeable in many areas such as business litigation, commercial real estate, tax exempt organizations, and more. Please don’t hesitate to call us at 478-254-8866 for any legal need you may have.