Spot the Signs: Protecting Yourself from Financial Fraud in 2025

Scams are becoming smarter, faster, and harder to detect. Even the most financially savvy individuals and businesses can be targeted. From AI-generated emails to fake IRS calls, today’s fraud tactics are designed to look real.

Here’s what to watch for and how to stay ahead of potential fraud in 2025.

Common Scams to Watch For

Fraud takes many forms, but these are some of the most common schemes we see among clients:

• Phishing emails: Fake messages posing as banks, tax providers, or even the IRS. Watch for “urgent” requests to click links or verify information.
  Never respond directly — go to the official site instead.
• Check and payment scams: Fraudsters may pose as IRS agents, claiming to reissue an uncashed refund check and asking for bank details.
  The IRS never calls to request account information.
• Phone scams: Scammers can spoof caller IDs and use partial personal details (like your birthdate or last four digits of your SSN) to sound legitimate.
  Hang up and verify independently.
• Investment or crypto scams: Beware of “guaranteed returns” or exclusive opportunities.
  Legitimate investments carry some level of risk.

Stay informed! The IRS maintains a current list of tax-related scams.

73% of U.S. adults have experienced some kind of online scam or attack

🚩Look for These Red Flags

Fraudsters often rely on urgency and emotion to rush you into acting fast. Be cautious if a message or call:

• Asks for sensitive or financial information.
• Threatens penalties or legal action.
• Offers refunds, credits, or “special deductions.”
• Uses logos or tone that feel “slightly off.”

When in doubt — pause and verify. Contact your CPA or advisor before responding.

How to Protect Yourself

You can outsmart most scams by staying proactive:

• Use strong passwords and enable two-factor authentication (2FA) everywhere possible.
• Verify financial requests using known phone numbers or websites.
• Avoid sharing sensitive information by email or text; use secure client portals.
• Keep your software updated to protect against new security threats.
• Trust your instincts.  If it feels suspicious, it probably is.

If You Suspect Fraud

1. Contact your CPA or advisor immediately. We can help you review accounts and plan next steps.
2. Notify your bank or credit card provider to stop transactions.
3. Change passwords and enable 2FA if you haven’t already.
4. Report the incident to the IRS, FTC, or local authorities.

When in doubt, reach out.  Your BNA CPA or advisor is your best resource for protecting your finances and your peace of mind.

Contact BNA Today

If you’re a business owner looking for reliable financial guidance, we’re just a call away. Reach out to us at (803) 366-8371 or email us at success@bna.com to see how we can support your goals.

BNA: Smarter Finances, Mastering Wealth Management