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Some experts suggest three effective strategies to protect yourself from threats, including being cautious and verifying identity, as well as verifying payment requests before making any payments.
Exercise Caution and Verify Identity
Use Trusted Platforms and Verify Payment Requests Before Paying
It is important to be cautious of any unsolicited requests. If you happen to receive an email or text message from an unfamiliar person requesting money, it is advisable to exercise caution. Fraudsters typically send unsolicited requests with the aim of deceiving individuals into sending them money.
Verify the identity of the requester. If you're unsure of the identity of the requester, you can try to verify their identity by contacting them directly through a phone number or email address that you know is legitimate.
Never give out your personal information. Scammers may ask for personal information such as your Social Security number, credit card number, or bank account number. Never give out this information to someone you don't know and trust.
To protect oneself from fraudulent payment or money requests, a reliable approach is to utilize trusted transaction platforms.
These platforms employ various security measures to ensure the safety of transactions, including fraud detection systems and dispute resolution processes. Examples of popular transaction platforms are PassCash, PayPal, Wise, and Cash App. Additionally, it is crucial to verify the authenticity of the recipient before initiating any transactions. By employing a trustworthy transaction platform and taking necessary precautions, the likelihood of becoming a victim of payment fraud can be significantly minimized.
Basana Saha, Founder, KidsCareIdeas
One effective strategy for safeguarding oneself against fraudulent payment or money requests is to verify the request before providing any payment information. Whenever a person receives a payment request, they should take steps to validate its authenticity and legitimacy. This includes confirming the identity of the sender, reviewing any documentation provided with the payment request, and cross-checking the payment details with other reliable sources. By verifying each request before providing payment information, people can help protect themselves from falling victim to fraud.
