How to Stay Safe from Digital Scams

Protecting Yourself from Digital Scams: What You Need to Know

In our increasingly digital world, managing your finances online is easier and more convenient than ever. But with that convenience comes a new level of risk: digital scams are on the rise—and becoming more sophisticated by the day.

At Lucia Capital Group, we believe protecting your financial future means not only making smart investment decisions but also defending against threats to your personal information and online accounts. That’s why it’s so important to stay informed and vigilant.

Here are three common types of digital scams we see today—along with tips on how to avoid them.

1. Smishing: Phishing by Text

You’ve probably heard of phishing—fraudulent emails that attempt to trick you into giving away personal information. But now, scammers are using your text messages to do the same thing. It’s called smishing, and it’s one of the fastest-growing forms of fraud.

These texts often appear to come from a legitimate source—your bank, a delivery service, or even a government agency. The message might say:

• “Your account has been locked. Tap this link to verify your identity.”

• “There is an urgent issue with your payment. Click here to resolve it.”

The goal? To get you to click a malicious link or respond with sensitive information.

How to protect yourself:

• Don’t respond to texts from unknown numbers.

• Watch for spelling errors or awkward grammar, which can signal a scam.

• Verify the source. Most legitimate companies send texts from 5-digit numbers, not random 10-digit ones.

• Go directly to the source. If a message seems suspicious, don’t click the link. Instead, visit the company’s official website or call them using a verified phone number.

2. MFA Fatigue: The Dark Side of Extra Security

Multi-Factor Authentication (MFA) is one of the best ways to protect your accounts. It adds an extra layer of security by requiring a second form of verification—like a text code, email link, or app prompt—in addition to your password.

But criminals have found a way to turn MFA against you. It’s called MFA fatigue.

Here’s how it works: scammers flood your phone with a nonstop series of MFA approval requests, hoping you’ll get so annoyed or confused that you approve one just to make it stop. If you do, they gain access to your account—bypassing the very system meant to protect it.

How to avoid MFA fatigue scams:

• Use an authenticator app, such as Google Authenticator or Authy, instead of relying solely on text messages or email.

• Be skeptical of unexpected prompts. If you weren’t trying to log in, don’t approve anything.

• Change your password immediately if you receive suspicious MFA requests.

MFA is still an excellent security measure—just be cautious about how and when you respond to prompts.

3. SIM Swapping: Hijacking Your Phone Number

This one’s especially dangerous. SIM swapping happens when a scammer tricks your mobile provider into transferring your phone number to a different device—one that they control.

Once they have your number, they can:

• Receive your calls and texts

• Reset your passwords

• Gain access to any account where your phone number is the key to verification

In effect, they can lock you out of your own digital life.

How to prevent SIM swapping:

• Add a PIN or password to your mobile account. Most providers allow you to set up this extra layer of protection.

• Don’t post your phone number online. Avoid including it on public websites or social media.

• Enable a SIM lock through your carrier. This makes it harder for anyone to move your number to another SIM card without your permission.

If your phone suddenly loses service for no reason, contact your carrier immediately—it could be a sign of an active SIM swap.

Why This Matters for Your Financial Security

Your investment portfolio, retirement strategy, or financial plan can only go so far if you’re vulnerable to digital threats. At Lucia Capital Group, we often talk about The Bucket Strategy® as a way to plan for retirement—but security is a big part of that equation too.

Just like we build a portfolio to help manage risk, you should also build good habits to help reduce the risk of digital fraud.

• Use strong, unique passwords for each account

• Enable MFA with an authenticator app, not just texts

• Avoid clicking suspicious links

• Monitor your accounts for unusual activity

The reality is that scams can target anyone—regardless of age, experience, or financial savvy. But those who are informed and prepared are far less likely to become victims.

If You’re Ever Unsure—Call Us

One final note: If you ever receive a suspicious message that looks like it came from Lucia Capital Group—or any financial institution—don’t respond to it directly.

Call us using the number you already know and trust. We’ll be happy to verify it for you.

Scammers are getting better. But with a little awareness, so can you.

Stay Protected, Stay Informed

At Lucia Capital Group, we go beyond investment planning. We’re committed to helping you protect every part of your financial life, including your digital identity.

If you have questions about securing your accounts, building a strong retirement strategy, or avoiding tax traps, we’re here to help.

Just give us a call. Let’s make sure your future is protected—on every front.

ART-760359 06/2025