Author: Sean P. Egen
May 11, 2018
With phishing and other forms of online identity theft and fraud on the rise, it’s imperative to stay one step ahead of these scams. Here are a few common-sense steps you can take to avoid taking the bait.
About the author:Sean P. Egen
After realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.
Phishing and spoofing attempts affect millions of users and cost the economy billions of dollars. But you don’t have to fall for these ubiquitous forms of online fraud. Check out these tips on how to avoid becoming just another victim of these scams propagated by cybercriminals and scammers.
It’s Tuesday morning, you’ve just finished spin class, and you’re rewarding yourself with a smoothie. As the cashier rings up your much-deserved smoothie, he frowns. Your credit card has been declined.
Identity theft is undeniably costly. According to a 2018 study by Javelin Strategy & Research, the number of ID theft fraud victims in the U.S. rose 8% in 2017 to an all-time high of 16.7 million consumers. That same study found that there were 1.3 million more victims than in 2016, with the total amount stolen in 2017 reaching an incredible $16.8 billion.