Fraud Prevention Tips for a Digital World

Fraud isn’t limited to stolen wallets or fake checks anymore. It now happens every day on the devices we carry in our pockets. From text scams and phishing emails to unauthorized transactions, criminals are constantly developing new ways to steal information and money. Fortunately, the most effective fraud prevention strategies are also the simplest: a handful of smart digital habits you can put in place today. If you’ve ever wondered how to protect your identity and finances, these tips will get you started in the right direction.

1. Strengthen Your Logins

Start with your passwords. Use unique passwords for every account and store them in a secure password manager rather than saving them in your browser. While it might feel easier in the moment to use the same old password, in the long run you’ll appreciate knowing your information is secure.

You can also add multi-factor authentication (MFA) wherever it’s available, especially for email, banking and payment apps. MFA requires a second verification step (like a text code or authentication app), making it much harder for criminals to access your information even if they steal your password. This is one of the easiest ways to prevent fraudulent transactions before they happen.

2. Take Control of Your Smartphone

Your phone is a key to your financial life, so it should be treated like a vault. Set your device to lock automatically and require a strong PIN or biometric login.

You can also minimize scam attempts by adjusting your phone’s settings. Silence or filter calls and texts from unknown numbers. This single step stops many phishing attempts before they reach you. If a message seems urgent or emotional, don’t reply or click any links. Instead, contact the company directly through its official website or app. This habit alone can go a long way towardcredit card fraud prevention and mobile payment scams.

3. Shop and Bank Securely Online

When buying or banking online, always check for “https://” in the address bar. That extra “s” means your data is encrypted. Never use public Wi-Fi for banking or shopping as cybercriminals can intercept your information on shared networks. If you must connect, use a VPN (Virtual Private Network) for an added layer of security.

Set up transaction alerts in your mobile banking app, so you’re notified immediately of purchases or withdrawals. This gives you the chance to spot and report suspicious activity right away, which is a key means toprevent fraud on your bank account.

4. Guard Your Payment Information

One of the most effective fraud prevention tips is to keep your card and account details private. Avoid saving card numbers on retail websites or shared devices and be cautious when using payment apps. If you receive an unexpected request for payment, especially via Zelle®, Venmo or Cash App, pause and verify it’s legitimate before sending money.

When shopping in person, protect your credit or debit card from “skimming” devices by inspecting card readers at gas stations or ATMs for loose or damaged parts. Use contactless or chip payments whenever possible, as they’re encrypted and safer than magnetic stripe swipes.

If your card is lost, stolen or you notice unauthorized charges, contact your bank immediately to freeze or replace your card. Quick action is the best defense against credit card fraud and ongoing fraudulent transactions.

5. Monitor Your Accounts Regularly

Technology is powerful, but your own vigilance is still your best defense. Review your account activity on at least a weekly basis. Look for small, unfamiliar charges. Fraudsters often “test” stolen information with minor transactions before making larger ones. If you spot something suspicious, contact your bank immediately. Prompt reporting helps prevent fraudulent transactions from escalating into major losses.

6. Stay Skeptical

Fraudsters thrive on urgency and fear. Whenever you receive an unexpected message, email or phone call about your finances, pause before acting. Ask yourself: does this make sense? If it feels off, it probably is.

Educating yourself and your family is the foundation of fraud protection. Set yourself a reminder each month to review your privacy settings, update passwords and delete old apps or accounts you no longer use. Every little step adds up to stronger security.

The Bottom Line

When it comes to how to prevent fraud, the best protection is awareness combined with small, consistent actions. Set up alerts, keep your software updated, and be cautious with every click. By practicing digital mindfulness and taking advantage of your bank’s fraud protection tools, you can enjoy the convenience of modern banking—without the risks.

Bank of New Hampshire is here to help you safeguard your money and your peace of mind. Visit our Fraud Prevention page or contact your local office to learn more about staying secure in today’s digital world.