Be cautious: don’t purchase from unfamiliar websites.

Frank Abagnale is an expert at spotting scams, having once been a con artist himself. The author of the bestseller “Scam Me If You Can” revealed the dangers of online and phone scams during our chat in January. In our recent discussion, he highlighted the surge of scams linked to the coronavirus pandemic, which are targeting vulnerable individuals worldwide.

The ongoing health crisis has opened new doors for fraudsters to exploit people’s fears and uncertainties. Unscrupulous individuals are using this opportunity to trick unsuspecting victims into providing their personal information. For instance, that unsolicited email offering hard-to-find items like toilet paper or disinfectant wipes? It’s likely a scam!

Stay updated with news.

If a news article mentions a shortage of a product, like disinfectant wipes, it’s likely accurate. So, if you receive an email the following day claiming to have a surplus, be skeptical. “Be cautious of any communication urging you to purchase something that’s currently out of stock or suggesting there’s a miracle cure available,” warns Abagnale. Scammers thrive on panic, luring you into thinking this is your only chance to secure essential items, only to steal your financial information instead.

Avoid clicking on unknown links.

“If you encounter a link you don’t recognize, don’t click it,” advises Abagnale. Such links can install malware on your device, allowing hackers to access your personal information. Many scammers already possess bits of your data, seeking just a few more pieces to complete their scheme. A single click can open the door for them to infiltrate your computer. “If you’re uncertain about a website, verify its URL with the AARP Fraud Network or the Better Business Bureau,” he adds.

Be cautious with emails.

It’s easy to impersonate someone online, which many current scammers are doing to gain your trust. “Be suspicious of emails that claim to be from the CDC or government authorities,” warns Abagnale. “If the email address doesn’t end in “.gov,” it’s likely fraudulent.” Mark such messages as spam and block the sender to prevent accidental clicks on their links in the future.

Use credit cards for online purchases.

“When shopping online, always opt for credit cards. Avoid debit cards, checks, and sharing bank details,” suggests Abagnale. Recovering funds is much easier with credit cards, which protect you better against fraud. If you fall victim to a scam, credit card companies can assist in retrieving your money more effectively since the funds weren’t directly taken from your account. Conversely, with debit cards or wire transfers, your actual cash is gone, complicating refunds.

If you suspect fraud...

Contact your credit card provider or bank immediately. Acting quickly can help stop the transaction or facilitate a refund.

To listen to Frank’s original podcast episode, click here.

Additional expert advice: