5 Biggest Money Scams To Look Out For In 2016

Holiday season is in full swing and soon we’ll be ringing in the new year. You may or may not have a resolution ready, but scammers have stealing from you on the top of their resolution list. Luckily, no matter how creative they get scams tend to look the same. In 2016, there’s certain scams you should be on the look out for.

1. Charity and home improvement impersonators

Some of the most common scams are the ones that involve impersonators. For example, charity scams might involve groups or individuals who claim to be raising money for a charity. These people might even dress the part to beguile unsuspecting consumers or passersby.

2. Charity and home improvement impersonators

Some of the most common scams are the ones that involve impersonators. For example, charity scams might involve groups or individuals who claim to be raising money for a charity. These people might even dress the part to beguile unsuspecting consumers or passersby.

3. Telephone Scams

Scammers will try any channel of communication to reach a potential victim. For most people, it can be quite difficult to determine whether a person is legitimate, particularly if the person is caught off guard and preoccupied with other things when they answer the phone.

4. Computer and Internet scams

Despite passwords and information technology security, scammers still find ways to penetrate networks for Internet scams. Siciliano described what he calls “computer lockout.” In this scam, “you turn on your computer and see a message stating the device is locked,” he explained. “To unlock it, you’re told to provide sensitive information. Contact your security software provider or a local geek instead.”

5. Credit card scams: Microchip and EMV cards

Credit card fraud can be committed by anyone who obtains access to your credit card. According to Scambusters.org, even a waiter in a restaurant could copy down your credit card information and use it later to make purchases.