New Trends in Cyber Scams

According to the cyber security company, Symantec – known for their Norton and LifeLock products – cyber criminals reached “new levels of ambition” last year. Below are some key highlights of their 2017 Internet Security Threat Report. Email Deemed “the weapon of choice,” one in 131 emails sent in 2016 contained a malware-laden link or attachment – the highest rate in five years. Malicious email is “a proven attack channel,” reports Symantec. “It doesn’t rely on vulnerabilities, but instead uses …

What to Know About the Top Summer Scams

As temperatures rise, so do certain scams. Here’s how to avoid getting burned in summer’s most common cons. Home repairs Conning contractors typically come to your home unexpectedly, offering steep discounts on driveway resurfacing, roof work, tree trimming or other “necessary” repairs they happen to see while driving by or soliciting business door-to-door. Most seek an upfront payment to “go buy materials” and then disappear. Others do fast and faulty repairs (like spreading used motor oil to coat driveways) or …

‘Found’ Money for a Fee? Beware of New Surge in Unclaimed Property Scams

A longtime scam is back with a vengeance: claims that state officials are holding money or property that belongs to you, and all you need to do is pay a fee to claim it. Actually, the first part could be true. You could be entitled to a slice of some $43 billion in “unclaimed property” that sits in state treasuries — money from forgotten bank accounts, insurance policies, stock dividends, utility security deposits, even contents from abandoned safe deposit boxes. …

8 Military-Themed Impostor Scams

As we remember our fallen heroes this Memorial Day weekend, let’s not forget a continuing battle facing others who served: military-themed impostor scams that prey on veterans, their families and everyday citizens who honor their sacrifice. Toll-free trickery. The latest con campaign against veterans: an impostor phone number that mimics that of the Veterans Choice Program (VCP), which allows certain vets to use approved health care providers outside of the VA system. In this years-old ruse, scammers buy phone numbers …

Most Likely to Be Scammed? Not Seniors, but Millennials

Gray-haired folk have long held “most scammed” status, but it may be time to pass on that unfortunate legacy. While the retirement-aged are targeted most often, data increasingly shows that it’s millennials — our children and grandchildren ages 18 to 35 — who are most likely to lose money to fraudsters. Consider these recent findings: Phone scams. About 1 in 10 American adults fell victim to phone scams last year, losing an estimated $9.5 billion in total. Leading the pack …

Mother’s Day Scams: Top Tricks to Dupe You (and Mom)

To that most special woman in our lives we eagerly pay tribute on Mother’s Day. And for next Sunday’s tributes, we’ll pay a record-breaking $23.6 billion — a $2 billion uptick over last year and some $9 billion more than is spent on Father’s Day. The coming days are prime time for crooks to cash in on the mother of all spring celebrations. Beware of these common Mother’s Day cons (and expect a slight tweaking in similar scams for Dad’s …