Preventing Fraud

Safeguard your financial security

Each year people all across America lose millions of dollars and their good credit history due to fraud. While there are federal, state, and local laws and law enforcement agencies to help protect you against fraud. You, ultimately, are responsible for protecting yourself.

In this section of our web site we'll share with you some information on fraud and on how to protect yourself. While this information is in no way meant to be all-encompasing, it will provide you with good practices to prevent fraud from happening to you, and provide steps to take should you become a victim of fraud.

In order to understand fraud better, it is necessary to define fraud. Webster's Dictionary defines fraud as: "An intentional diversion of truth to obtain something of monetary value." Fraud causes an invasion of privacy, a loss of confidence, and a feeling of helplessness.

We have identified four major areas of fraud that could potentially affect most Americans. They are Check Cashing Fraud, ATM Fraud, Credit Card Fraud and Identity Theft. You can find out more about e-mail fraud, including "phishing", in our E-mail Fraud section.

Unfortunately, fraud-related crimes are becoming more common. Victims of fraud often do not realize their misfortune until their financial institution or a collection agency contacts them asking for payment on an account of which they have no knowledge. Other times, an individual may check their credit bureau report only to find an account that they did not know existed. These are only examples, but are all too common.

Pentagon Federal takes great pride in its fraud prevention measures, and strives to protect our members against fraud-related crimes. Use the following links to help you protect yourself from fraud: