fraud

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 …

Outsmart Con Artists: Arm Yourself Against Fraud

Posted on 01/21/2014 by | AARP Blog Author | Comments

Money & SavingsThe following is a guest post by Nancy Mahoney, an AARP Foundation ElderWatch volunteer in Colorado. Each year, millions of Americans lose their hard-earned money to identity theft, investment fraud and other types of scams.  Last year alone, 12.6 million Americans were victims of identity theft — that’s one person victimized every three seconds. They are people just like you and me who told themselves they’re too smart to fall for a scam. Yet, as a volunteer with AARP Foundation …

Fighting Health Care Fraud: The Power of One

Posted on 01/17/2014 by | Legal Grounds | Comments

Bulletin TodayCan a single federal prosecutor make much of a difference in the war against health care fraud? Yes, a new analysis of Justice Department statistics suggests. And the stakes are enormous: Fraud is thought to cost the Medicare program alone up to $90 billion each year. The analysis — from the Transactional Records Access Clearinghouse (TRAC), a nonprofit group based at Syracuse University — shows that federal prosecutors filed a record number of new health care fraud cases in fiscal …

Five Ways Criminals Con You Out of Your Cash

Posted on 12/4/2013 by | AARP Executive Vice President | Comments

Money & SavingsIf you have money, scammers have a way to take it from you. Con artists talk about getting their victims so emotionally charged up that they are unable to think logically. They call it “under the ether,” and it is how they play on hope, fear and empathy to defraud their victims. Find out how to protect yourself from five common scams with staying power. Sweetheart. Savvy scammers do their homework, tailoring their false identity to target their victims, and …