As the holiday season approaches, you might be feeling more generous than usual. But giving out money or your personal information to the wrong recipient might leave you feeling blue this Christmas—and could potentially harm you financially in the long-run.
Understanding common fraud and scams that criminals use to steal your money or identity can help prevent you from falling for their tactics. Later on we’ll discuss what to do in case you have fallen victim to any of these schemes, but first here is the difference between a scam and fraud.