Fraud-Proof Your Finances: Arm Yourself with Knowledge | Guiding You Forward

With fraud becoming so pervasive, it’s tough to come across someone who hasn’t had a run-in with scammers. Whether you actually had money stolen, or you were lucky enough to intervene before anything was lost, we all need to know how to better protect ourselves against fraud.

To help us do that, Rob Woellhaf, vice president of fraud at Mountain America Credit Union, joins us in the podcast studio to update us on recent fraud trends and best practices to protect your money.

In this video, you will learn:

• How scammers are successful.

• Why check fraud is on the rise.

• How to protect your finances from fraudsters.

Fraudsters are masters at manipulating your emotions—being equally adept at exploiting both happy and stressful situations. Rob equips you with the knowledge to detect a scam based on certain behaviors. “Scammers’ lack of ethics and lack of scruples,” he explains, “You combine these with their ability to manipulate people and it’s a recipe for heartache and loss.”

As security measures for mobile and online banking improve, fraudsters are exploiting traditional routes to access your money, like using checks. “Industrywide, check fraud is up 87%, year over year,” Rob notes. Tune in to this podcast episode for Rob’s recommended alternative methods for making payments.

Rob also advises on simple yet effective ways to protect yourself from escalating schemes. Integrating these practical measures into your daily life is a great way to fortify your defenses against financial fraud.

Watch the full video to get all of Rob’s tips to keep your money safe.