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For many, Social Security is a main source of income later in life, and no one wants to lose out on those funds or a perceived opportunity for more benefits. This can lead to people acting in urgency when they hear from someone claiming to be the Social Security Administration, and scammers are taking full advantage.
If someone contacts you or a loved one and says something similar to any of these four things, it’s time to hang up.
Your Social Security number has been suspended, and we need your personal information to reactivate it.
Your benefits have been suspended, and you need to pay to get them back.
You can pay to increase your benefits.
You must pay immediately for a penalty or as an overpayment correction.
And when it comes to Social Security fraud, or really any other kind of scam, watch out for these common tactics:
Pressure to act quickly.
Asking for payment to correct something.
Calling unexpectedly – many official organizations will first send you a notice in the mail.
Want to know more about Social Security scams?
Find out more about the four common scam tactics above, as well as other red flags and tips to protect yourself, in this .
If you think you’ve been a victim of a Social Security scam, reach out to your financial institution. Summit members, we’re always here to help at 800‑236‑5560.
Please share details with us when you hear of, or experience, a possible scam! This helps us inform and protect our members and community.
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For many, Social Security is a main source of income later in life, and no one wants to lose out on those funds or a perceived opportunity for more be
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>
Keep an Eye Out for AI Scams
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If there’s anything we know for sure about scammers, it’s that they’re going to take advantage of new technology. Artificial Intelligence (AI) is crea
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Know When to Scroll: Avoiding Instagram & Social Media Scams
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With over 500 million daily active users, Instagram has become a popular app for sharing photos, connecting with friends and even following the lives
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Add Streaming Scams to Your Watch List
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“My daughter was excited to watch her high school team play for the state title. To livestream the game, she clicked what she thought was an official
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What to do if you’ve clicked a suspicious link
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Fraudsters are getting trickier by the day, and it can be tough to tell if that email, text or online ad is fake or legit. Especially when they pose a
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Social Security Scams: What To Watch Out For
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For many, Social Security is a main source of income later in life, and no one wants to lose out on those funds or a perceived opportunity for more be
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>
QR Codes: Convenient, Popular & an Easy Scam Target
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Whether you’re grabbing a bite to eat at an airport restaurant or at a happy hour after work, chances are you’ll see a QR (quick response) code on the
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Stay One Step Ahead of Loan Scammers
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Whether you need some cash to pay off holiday debt, get snow tires or cover a surprise medical bill, be aware that loan scammer are all too eager to o
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5 Ways to Avoid Crypto Scams
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Scammers love fresh opportunity and they’ve found it in cryptocurrency, like Bitcoin and many others. Along with running investment scams, crypto frau
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