DETECTION, PREVENTION & EDUCATION

What is Fraud?

 

Fraud   

 noun   |   \ ˈfrȯd  \  


1.   a) intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right

      b) an act of deceiving or misrepresenting


2.   a) a person who is not what he or she pretends to be

       b) one that is not what seems or is represented to be 


( source; merriam-webster.com/dictionary/fraud)



So How Can You Avoid It?

DETECTION

Combating fraud before it occurs is vital to the well-being and security of your personal and financial information. It's impossible to avoid becoming a victim if you don't know what to look for. In today's age of information and technology anyone can become a victim of fraud and certainly everyone is vulnerable. 


There are many signs you can look for when you are interacting with an individual or company that you think may be fraudulent. A good way to start would be trusting your gut; does what they're saying sound too good to be true? Another way to check is online; what are people saying about them? Do they have negative reviews or complaints? What's their BBB (Better Business Bureau) rating?


Those are just a few simple tips to detecting fraud. For a detailed list of tips on a specific type of fraud give us a call or send us an email at info@ohbenterprise.com

PREVENTION

Periodically updating your login and password information for social network sites, email, online banking, credit card apps, etc.. is essential to insuring your information stays safe. Make sure every few months you are changing your atm pin as well. Never use the same password for all of your accounts, that makes it very easy for fraudsters to access your info.


With the ever-evolving world of technology, there are always new opportunities and new techniques for scammers to exploit consumers. Most of the fraud committed today occurs online. Always be suspicious of emails that ask you to update your personal or financial information for your banking or credit card accounts. Click here for more anti-fraud tips and techniques used today by industry professionals.

EDUCATION

Becoming educated on the topic of fraud isn't something consumers give much thought or attention to. In most of the consumer fraud cases we investigate, the individual either wasn't aware the fraud or scam occurred, or by the time they became aware of the fraud or scam it was too late and the damage had been done.


We must understand that the techniques and methods used by scammers in today's world are advancing just as rapidly as the technology that we use every day. You don't have to be an expert on the subject, but having a general understanding can mean the difference between being a victim or staying protected. We have helped countless clients combat fraud on a daily basis whether in their business or personal life. Let us give you the tools, resources, and knowledge needed to avoid becoming a victim!