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Is "Love's #0179 Inside" fraud?

Written by Jemina Owen-Jones

May 18th, 2024

The Fake Love's Travel Stops Receipt Scam

Eric, a busy salesperson, had a knack for reviewing his bank statement diligently at the end of every month. One day, while going through his latest statement, he noticed an unfamiliar charge labeled as "Love's #0179 Inside" from a merchant named Love's Travel Stops. He'd visited Love's Travel Stops before on his numerous cross-country journeys, but the last one was well over a month ago.

The next morning, Eric received a phone call. The person on the other end was polite, professional, and claimed to be a representative from Love's Travel Stops. They informed Eric about a potential issue in their system and asked him to confirm his latest transaction. Confused but keen to sort out the anomaly on his bank statement, he logged into a website directed by the caller, which appeared identical to the official Love's Travel Stops site.

Shortly after, Eric's bank sent him alerts for multiple unauthorized transactions. Shocked, he finally realized he'd fallen into a trap. He'd unknowingly walked straight into a phishing scam, logging into a fake site and providing all his crucial financial information.

He immediately contacted his bank and blocked his cards. Eric reported the scam to his bank's fraud department and the police. To prevent future similar incidents, he started researching potential safeguards and came across SimplyWise. The app had fantastic reviews and promised to provide an additional layer of security to his financial life, so he decided to give it a run.

How to Protect Yourself from Scams and Fraudulent Receipts

Scams can occur to anyone and they have become increasingly sophisticated. Therefore, it is crucial to stay on guard. Here are some steps to keep in mind:

1. Verify Emails: Always check the sender's email address carefully. A tiny typo or an odd-looking address can often expose a scam.

2. Avoid Clicking Links: Instead of clicking links in emails, access the official website by typing the URL into your browser.

3. Enable Two-Factor Authentication: This is an extra layer of protection for your accounts that goes beyond the simple username and password security.

4. Monitor Your Accounts: Check your bank and credit card statements regularly to catch any unauthorized or suspicious transactions swiftly.

5. Report Suspicious Activity: Upon receiving a questionable email or identifying unauthorized transactions, report it to the respective company and your bank immediately.

6. Use SimplyWise: The SimplyWise app assists you in managing your receipts and detecting unusual activities. Here’s how it works:

Step 1: Download SimplyWise

Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

Step 2: Connect your Accounts

Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

Step 3: Reconcile

Reconcile the charges reported by your financial institution against what you’ve recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.

Find fraud quickly!

SimplyWise will match your transactions to your bank/credit card spending and check those items off.

Scams can happen to anyone, often catching us unguarded and causing us to make decisions we wouldn't make otherwise. By staying informed and cautious, you can protect yourself from falling victim to similar scams. Adopting tools like SimplyWise adds an extra layer of security to your financial life, making it easier to manage receipts and detect fraudulent activity before it becomes a major issue. Remember, vigilance and proactive protection are your best defense against the financial scams that are all too common today.

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