Jennifer Eden

Oct 16 2019

How to Protect Yourself from Financial Scams


Protect-Yourself-from-Financial-Scams

Are you at risk of becoming the victim of a financial scam? As technology advances and more of our personal information is stored online, the risk of financial harm increases.

In this kind of environment, it can be difficult to know how to safeguard yourself. But by learning how to identify red flags and actively defending your financial assets, you’ll be better protected in the event you are targeted in a scam.

Learn to identify red flags. In many of the most common scams, you may be:

  • Pressured to send money to help a loved one in trouble
  • Threatened with law enforcement action
  • Asked to purchase money grams or gift cards
  • Asked to cash a check for a stranger
  • Instructed to make a cash deposit
  • Offered more than you are asking for something with a request to send the overpayment elsewhere

Take an active role in protecting your financial assets. Regulators are ramping up efforts to protect consumers from scams, but there are still steps you can take.

  • Be skeptical – trust your gut feeling when something does not feel right.
  • Ask a lot of questions – be persistent in getting the answers to your questions.
  • Ask for advice from a trusted source – have a third party review the details of the request you have received.

Help lead others toward financial protection by talking about it. Sharing what you know can help protect others from being the next target. As a trusted friend, relative or neighbor, people listen to you. You have built a foundation of trust with them, and education can be the absolute best line of defense in protecting your hard earned money.

Are you concerned you have become the target of a scam? Please contact Hills Bank’s Transaction Verification Services at (833) 344-1879 and let our team of professionals be your trusted source in helping protect your financial assets.

 

Jennifer Eden

About Jennifer Eden

Jennifer Eden is Vice President of eBanking Services at the Hills Bank location in Hills, IA. She has been at Hills Bank since 2003 assisting customers with their electronic banking needs. She enjoys spending time with family and friends, volunteering with her children’s activities, and returning to her hometown in Northeast Iowa. She can be reached at jennifer_eden@hillsbank.com.


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