FraudHow to recognize, prevent, and response to

Fraud.

How big is the problemMore than 11.1 million people in the U.S.

have been the victim of identity theft. This is a 12 percent increase since 2010.

Telemarketer Fraud costs the American public over 40 billions dollars per year.

1 in 10 Americans have been the victims of credit card fraud.

1 in 6 Americans have been the victims of telemarketing fraud.

Types of FraudsTelemarketing FraudIdentity TheftAdvanced fee schemeHealth Care/Insurance FraudCredit Card FraudCounterfeit Prescription DrugsContractor scheme

Telemarketing FraudDefrauding over the telephoneExamples

Fraud FlagsCredit Card NumbersBank Account NumbersSocial Security NumbersDo not agree to meet the caller at a bank to

withdraw fundsDo not let the caller send a “runner” to pick

up moneyPressure to make up your mind quicklySounds too good to be true

Identity TheftStealing someone's personal information for

the purpose of using that information fraudulently.

Examples

Identity TheftPrevention

Guard personal informationDetection

Credit ReportsCredit monitoring servicesMonitor mail and accounts

DefenseFraud Alert Close AccountsFederal Trade CommissionPolice

Advanced Fee SchemePaying money in anticipation of receiving

something of great valueExamples

Healthcare/Insurance FraudUnnecessary/fake tests Medical equipment fraudExamples

Healthcare/Insurance FraudBe wary of free services/equipmentReview explanation of benefits Never sign blank forms

Credit Card FraudFraudulent use of credit cardHow does it happen?

Telemarketer fraudCaptured onlinePhishingNumber stolen during transaction

Credit Card FraudPrevention Tips

Keep an eye on credit card as much as possibleNever provide credit card information on an

unsecured websiteShred discarded paperwork with credit card

informationBe careful who you provide your credit card

number toDo not email credit card numbers for payment

If your card has been lost of stolenContact your credit card number immediately

Counterfeit Prescription DrugsCounterfeit medicine is fake medicine. It may

be contaminated or contain the wrong or no active ingredient. They could have the right active ingredient but at the wrong dose. Counterfeit drugs are illegal and may be harmful to your health.

Only purchase medicine from reputable pharmacies

Be wary of purchasing medicine online and from other countries

Contractor SchemesContractors who do not provide the work

agreed upon.People posing as contractors, or utilities

employees to obtain access to homeThe Better Business Bureau ranks contractor

fraud as the number 1 complaint every year. Be wary of door to door contractorsCheck the BBB on contractors