fraud

New Twists on 3 Old Tricks

Posted on 02/21/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsOnce again, scammers have developed new twists on some of the most popular frauds of years past. Although the original versions continue — especially preying on those over age 50 — here’s what you should know about some revised rip-offs currently making the rounds. The hostage scam: An offshoot of the notorious Grandparents Scam, it also feigns that a beloved relative is in trouble … and needs quick cash to remedy the situation. But instead of phone calls from scammers posing as grandkids …

Beware of Fake Funeral Notices

Posted on 02/13/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsWith the latest malware campaign aimed at hijacking sensitive computer files and online accounts, scammers have sunk to a new low — specifically, six feet under. Cybercrooks are emailing fake funeral notifications. Stealing the names and logos of legitimate funeral homes, they appear to be an e-invite to a funeral or remembrance service for an unnamed friend or acquaintance. The gotcha is a link, alleged to provide details about the “upcoming celebration of your friend’s life service.” Click it and “instead …

Lessons to Learn from 2013’s Top Scams

Posted on 02/12/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsAs kids, we were taught to share, be polite and trust authority. Based on 2013’s top scams, as chosen by the Better Business Bureau, doing the opposite seems better advice to protect yourself. Don’t share your personal information – online or in response to unsolicited telephone calls or text messages. Don’t worry about being rude to those who request it: hanging up the phone is better than losing money or identity theft. Don’t trust claims in unsolicited emails and telephone calls that it’s really …

There’s a New ID Theft Victim Every 2 Seconds

Posted on 02/7/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsAbout the time it takes to read this sentence, another three people have become victims of identity theft. A victim is created every two seconds, according to a new survey by Javelin Strategy & Research Study. The California-based research group reported some troublesome statistics: The number of ID theft victims last year reached 13.1 million, up by more than 500,000 from the previous year. And more than one of four cases involved “account takeover fraud.” >> Sign up for the AARP …

1-Click Tricks in Valentine’s Day Scams

Posted on 02/7/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsIt’s not just hearts that are stolen come Valentine’s Day. Also at risk: Your money, identity and sensitive computer files and online accounts – thanks to the many opportunities to infect computers with malware this love-filled season. True, most attention – and the biggest financial losses – occurs with “long-con” romance scams. That’s when crooks (often part of overseas organized crime rings) scroll dating websites and chat rooms, inventing fake identities tailored to their victims’ interests. After weeks or months …

How Target-Like Breaches Occur (P.S. More Are Expected)

Posted on 01/28/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsMaybe you are among the 110 million Target shoppers whose payment card or personal information was hacked during the recent holiday shopping season. Perhaps you are one of the 1 million-plus Neiman Marcus customers whose data was exposed in a 2013 breach just recently announced. Been to Michael’s lately? The arts and crafts retailer is the latest well-known company whose customer payment details were reportedly stolen in the same type of data breach. How are con artists doing it — and which …