Imposter scam

Imposter scammers will contact you pretending to be your financial institution, a government agency such as the IRS, Medicare, or even a charitable organization and attempt to trick you into sending money or providing personal or account information. These scams can be very sophisticated and seem very real.

Tip for spotting this scam: Watch out for anyone reaching out to ask for personal information to verify your account or asking for payment via gift cards, wire transfers or person-to-person transfers. Legitimate companies will not call you out-of-the-blue to ask for your personal information or require payment via gift cards, wire transfers, or person-to-person translfers.

Urgency scam

Urgency scams trick you into taking advantage of an unbelievable deal or collecting a prize, giving you a tight time frame in which to act. Their tone is urgent, and they want to steal your personal or financial information by asking you to do things like create an account or verify a password.

Tip for spotting this scam: Reputable companies or organizations won’t pressure you to react with tight time constraints or countdown clocks. If an email is asking you to act fast for the deal of a lifetime or to accept a prize, take pause. Avoid clicking on any links until you verify if the email is legitimate through a secondary source.

Phishing scam

Phishing scams are official-looking emails, text messages, or social ads designed to trick you into giving your personal or financial information. Because these appear to be from your financial institution or other well-known companies, they can be very effective at tricking you into sharing information.

Tip for spotting this scam: Look out for generic greetings, misspellings of words, grammatical errors or variations of logos or names of known companies. Avoid clicking links or downloading files as these can deliver malware to your device. Phishing scams can lead to identity theft.

Utility scam

Utility scammers will call you pretending to be a service provider such as an electric company or internet provider and attempt to pressure you into sending a payment to avoid having your service turned off. These scams can appear very real and are effective because the urgent tone may pressure you into acting quickly.

Tip for spotting this scam: Utility companies will never ask you to make last-minute payments, especially over the phone or email. If making a payment over the phone, call your utility provider directly.

Support Specialist scam

Scammers pretending to be a technology specialist from a known company try to steal your information by gaining access to your account or device. These scammers want to trick you into thinking that your computer or device is damaged and ask for remote access or for your account information to help you resolve the issue.

Tip for spotting this scam: Support specialists from legitimate companies do not cold-call to help you fix an issue with your device or account, nor will they ask you to download an app or request access to your device.

Pay Yourself scam

A pay yourself scam is often a text or an email that looks like a fraud alert from your financial institution asking if you authorized a transaction. If you respond, they’ll call as a bank representative offering to help you stop the alleged fraud and ask you to send money to yourself via transfer or person-to-person payment. Because they look like a real bank fraud alert and the incoming call can seem legitimate, these types of scams seem very convincing.

Tip for spotting this scam: Allegent will never initiate a call to you to verify information or ask you to send money to yourself or anyone. Do not give out any personal information over the phone or through email.

Social media scams

Social media is used by scammers to steal information through fake surveys, events or contests. They may also try posing as an unknown person trying to befriend teens with the intention of stealing personal information or taking their money.

Tip: Make sure teens set social media accounts to private so information and pictures are not easily accessible. It is important to talk to them about the risks of sharing personal or account information with someone they do not know.

Cellphone freebies

Scammers will lure teens through social media with “free” ring tones, wallpapers, gift cards or other items so that they opt into their services. These services often have hidden, expensive monthly subscriptions that youth bankers oftentimes don’t realize they’re subscribing to.

Tip: Talk to your youth banker about how to research companies and that they should never share information by creating an account or opting into free trials that require payment information upfront.

Online auctions

Teens are tricked into bidding and paying for items that never arrive. Alternatively, scammers trick teens into sending items to sell but never receive their payment, or the auction never takes place.

Tip: Help your teen learn how to research any company or auction site thoroughly before participating in the biddings to make sure it’s legitimate. Help them to review and monitor transactions that you have approved.

Online Income scams

Scammers hook their victims with the promise that they’ll earn quick and easy money right from their home. To apply, they must either send payment for the application or they’re sent a fraudulent check and required to transfer a portion of the check to the company.

Tip: Walk away from any job offers that require you to pay money upfront.

Debt-Related scams

Scammers reach out to individuals who may be enticed by the promise that they can get their debts reduced or forgiven — for a one-time fee.

Tip: Reputable lenders will not require upfront payment. If they charge a fee, it will be deducted from the loan amount.

Fake Sale Listing scams

Goods, services and housing are listed on job or community boards for very low prices that seem too good to be true. Once the victim sends payment, what was promised never arrives or never existed.

Tip: Research companies that make offers that are too good to be true and never give out any personal information or send payments to anyone you do not know.

Property Foreclosure Rescue scams

Posing as lenders, loan servicers, etc., scammers will promise to refinance property at a better rate or stop a foreclosure. However, they’ll ask for a steep upfront payment or trick victims into signing documents that transfer the property to predatory companies.

Tip: Be wary of “lenders” who pressure you to act fast into deciding quickly or say they can guarantee stopping a foreclosure. Always research companies thoroughly.

Debt Collection scams

Scammers posing as law enforcement or debt collectors try to collect a debt that’s not actually owed. They may go as far as threatening jail or even violence to receive payment but refuse to show any written proof of the debt.

Tip: Do not offer any kind of financial information to anyone calling to collect a debt unless you initiate contact first.

Lending scams

Like an upfront fee scam, lending scams happen when a victim thinks they’re applying for a loan through an online lender or lender app. Scammers entice victims with guaranteed approval even with bad or no credit but require paying upfront fees as “insurance” or for “processing fees.”

Tip: Be cautious of any lenders who claim to guarantee a loan approval. Reputable lenders will have a set of requirements they abide by.

Government Impersonation scams

Scammers use scare tactics to force individuals to wire money, send a prepaid credit card, gift cards or cashier’s check by pretending that they’re a trusted individual from a government agency like the Social Security Administration or the IRS.

Tip: Any government agency will first contact you through the mail, never by phone or email.

The Grandparent scam

Scammers trick the victim by pretending to be family, a bail bondsman or an emergency service, notifying that their grandchildren are in dire need of money. They ask for funds to be sent through person-to-person payments or wire transfers.

Tip: Do not answer phone calls from numbers that you don’t recognize; let the call go to voicemail. Use a separate source such as the internet or a reverse phone lookup search engine to verify the company. Companies will not call or email you and ask for a cash payment to help a relative.

Counterfeit Prescription Drug scam

Scammers entice the elderly with promises of prescription drugs or “miracle” drugs that can cure certain ailments at a majorly discounted rate but oftentimes the medication never arrives.

Tip: If purchasing prescriptions online, make sure they’re approved by the National Association of Boards of Pharmacy. It is best to always consult your physician.