Broker Check

Bait and Switch Scams

| December 07, 2023

Here are a few helpful tips to stay safe from "bait and switch" scams.

The Bait: Scammers use phishing emails that:

  • appear to be from legitimate entities (i.e. banks)
  • have compelling messages (i.e. prize offer or a warning about unusual account activity)

The Switch: Scammers will:

  • download malicious software
  • dupe you into sharing personal information

What to watch for:

  • misspellings in the email
  • poor grammar
  • Strange URLs on the link provided