Avoid the Dangers of 5 Common Post-Disaster Scams

As we join the nation in observing National Preparedness Month this September, we want to remind our members that preparation is essential for weathering storms and disasters and avoiding scams. Disasters can occur at any time, not just during hurricane season, and the chaos that follows can make people vulnerable to fraud. Scammers often exploit these circumstances, preying on those trying to recover.

Preparation does not just mean stocking up on essentials or planning evacuation routes. It also involves safeguarding your personal information and financial assets. Vigilance can prevent fraud, making a bad situation less overwhelming. As your financial champion, FSU Credit Union is here to help you stay informed and protect your finances in the wake of disasters.

Understanding Post-Disaster Scams

Disasters can bring out the best in people as communities come together to support each other. Unfortunately, they can also bring out the worst, as scammers take advantage of the confusion and need for assistance. These criminals may impersonate charities, government officials, or contractors to exploit those in need.

Common Post-Disaster Scams

Fake Charities: Scammers pose as representatives of legitimate organizations or create bogus charities to solicit donations. They often use emotional appeals to convince people to part with their money.

Contractor Fraud: Fraudulent contractors offer to repair or rebuild homes but demand payment upfront and disappear without completing the work.

Insurance Scams: Scammers impersonate insurance agents or adjusters, claiming they can expedite your claim for a fee or offering inflated damage assessments to entice you into their schemes.

Phishing Scams: After disasters, phishing emails or text messages may circulate, containing malicious links or requesting personal information under the guise of assistance.

Loan Scams: Scammers may offer quick loans with high fees and interest rates, preying on those who need immediate funds for recovery efforts.

Tips to Avoid Post-Disaster Fraud

To protect yourself and your loved ones from post-disaster scams, consider these tips:

1. Verify Before You Donate: If you wish to contribute to disaster relief efforts, research the charity first. Use trusted websites like Charity Navigator or GuideStar to confirm their legitimacy. Avoid donating in cash or via wire transfers.
2. Check Contractor Credentials: Before hiring a contractor, ask for references and verify their licenses and insurance. Be wary of those who demand full payment upfront or offer “too good to be true” deals. The Better Business Bureau makes researching businesses simple.
3. Contact Your Insurance Company Directly: If someone claims to represent your insurance company, call the company directly using the number on your policy to confirm their identity. Do not provide personal or financial information to unsolicited callers or visitors.
4. Beware of Phishing Attempts: Be cautious of emails or text messages from unknown sources asking for personal information or urging you to click on links. Verify the sender’s identity and contact the organization through official channels.
5. Secure Your Personal Information: Keep your personal documents and financial information safe. Shred unnecessary documents and use strong passwords and multi-factor authentication for online accounts.
6. Stay Informed: Keep up with official updates from local authorities and organizations. Rely on trusted news sources and verify information before acting on it.
7. Report Suspicious Activity: If you encounter potential scams, report it to local law enforcement, the Federal Trade Commission (FTC), or your state’s attorney general’s office.
8. Communicate with Your Financial Institution: If you believe you have been a victim of fraud, contact FSU Credit Union or your financial institution immediately. We can help secure your accounts and guide you through the steps.

Where to Report Fraud

If you or someone you know has been affected by a scam, it’s crucial to report it to the appropriate authorities. Here are some resources for reporting fraud:

• Local Law Enforcement: Contact your local police department to report criminal activity.
• Federal Trade Commission (FTC)
• FEMA Fraud: Fraud Hotline at 866-720-5721
• Fraud Free Florida

Stay Connected for Updates

If a hurricane or other disaster occurs and you need to know the status of our branch operations, please check our Alerts & Operational Updates page for the latest information on branch closures and service availability.

Preparing for a disaster means more than just having supplies on hand. It also involves safeguarding your personal and financial information to avoid becoming a victim of fraud. At FSU Credit Union, we are committed to helping our members and the community prepare for and recover from disasters while staying vigilant against scammers. By staying informed and taking the necessary precautions, you can protect yourself and your family from those who seek to take advantage of difficult situations. Remember, as your financial champion, we are here to help you every step of the way.