Be Careful of these 10 Phone Call Frauds That Could Steal Your Money

These days’ phone scamsters are getting smarter and sneakier than before and you need to be one step ahead of them all the time to save your hard earned money from these slimy tricksters. There are several clever ways than phone fraudsters try to dupe people, it could be to alarm someone about a problem in a bank account or unpaid bills or something wrong with a credit card. The thing is to know when someone is trying to fraud you and be alert about it.

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1 “Can you hear me?”

This seemingly harmless query over the phone in any busy day is the most dangerous of all as according to the Identity Theft Recorders Associations, the scamster just needs your affirmative voice saying “yes” and they would record that part and use it to claim you agreed to pay a huge sum of money for some dubious charity which does not exist and you have lost a substantial amount of money from your account the next day leaving you scratching your head where you went wrong? The next time you get a similar phone call from an unknown number asking the same questions just answer ambiguously like “I hear you just fine” to be safe.

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2IRS impersonators

In these cases the impersonator tries fear tactics to intimidate you by pretending the call is from the IRS department. Do not freak out at all as the call is a fraud because no IRS agents are authorized to call you individually and threaten for payments at all by law.

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3IRS communications are never by phones

All the communications are supposed to be through emails and letters with proper official letterheads according to the cybersecurity experts. A conman might not ask for any money but ask for your IDs or social security number which is a telltale sign of fraud. Just hang up the call and note down the number for a police report for harassment instead.

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4Bank calls

This one is a sticky one as banks do have the right to call their clients usually to check on your IDs and safeguard your precious accounts, so it becomes hard for a layman to differentiate between an authentic or a crooked bank call. Banks would ask you about your last transaction confirmations and will never ask for any other deeper details and you are free to refuse them further answers.

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