Bank scam calls are a pervasive threat, with Americans losing over $1.1 billion to phone scams in 2023 alone. (battencyber.com) These fraudulent calls often impersonate banks to steal personal and financial information. To protect yourself, consider the following strategies:
How Can You Recognize a Bank Scam Call?
Legitimate banks will never ask for sensitive information like your full Social Security number, PIN, or online banking password over the phone. If a caller requests such details, it's a clear red flag. (legalclarity.org)
What Are the Red Flags of a Bank Scam Call?
Be wary of calls that pressure you to send money, threaten legal action, or instruct you to purchase gift cards. These tactics are commonly used by scammers to manipulate victims. (robokiller.com)
How Can You Block Unwanted Calls?
Utilize call-blocking apps like RoboKiller, which uses audio fingerprinting technology to identify and block spam calls, even if the number is spoofed. (robokiller.com) Additionally, enable your phone's built-in features:
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iPhone: Go to Settings > Phone > Silence Unknown Callers.
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Android: Navigate to the Phone app > Settings > Blocked numbers, then toggle on Unknown. (us.norton.com)
What Should You Do If You Receive a Suspicious Call?
If you receive a suspicious call, hang up immediately. Then, contact your bank using the official number from their website or your bank statement to verify any claims. (legalclarity.org)
How Can You Report Scam Calls?
Report scam calls to the Federal Trade Commission (FTC) at ReportFraud.ftc.gov. This helps authorities track and combat fraudulent activities. (consumerreports.org)
By staying vigilant and implementing these protective measures, you can significantly reduce the risk of falling victim to bank scam calls.
Highlights:
- The best way to avoid phone scams is to not answer - The Washington Post, Published on Sunday, June 16
- How to block spam calls on iPhone, Android, and landlines, Published on Wednesday, January 07
- Scam & Fraud Protection Guide - Consumer Reports
