Newsletter Archive

Financial Fraud Abuse: Double-Check Before You Dial

According to AARP ElderWatch scammers have been purchasing series of phone numbers that closely resemble the phone numbers of legitimate businesses. They use these phone numbers to fool people into thinking they have reached the organization they were intending to, when in fact they’ve reached a scammer. They have found a way to take advantage of people who inadvertently misdial the number. Here are some red flags that the phone number dialed may be a scam:
You are greeted by an automated recording that congradulates you on being selected for a survey or tell you you’ve qualified to win a prize or product.
The automated greeting is general and does not reference the name of the organization you were intending to reach.
The greeting eventually offers to connect you with a live representative.
The live representative claims that he or she will transfer you to the organization you were originally trying to reach, but first wants your credit card number to pay a fee to claim your prize.
If you encounter any of these flags, AARP ElderWatch instructs you to hang up the phone, check the number you intended to dial and try dialing again.  Always double check the area code and full number before you dial. One slip could be costly. Never provide your financial information to someone who claims you’ve qualified for a “free” product, service or prize. Alert your financial institution immediately if you accidently give out your payment information.
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