identity theft

3 Sneaky Schemes That Scammers ‘Bank’ On

Posted on 08/22/2014 by |AARP Blog Author | Comments

Money & SavingsMost phone calls claim there’s a problem with your bank account or credit or debit card. Some allege you qualify for a lower-interest-rate credit card because you’ve been such a good customer. And the newest trick: telling businesses that their card-swiping machines aren’t working right and credit card transactions must be made by phone. But it’s scammers delivering such unexpected news — not legitimate financial institutions they profess to represent, which most recently include Bank of America, Barclays, and scores …

Protect Your SSN, and Be Thankful It’s Not 078-05-1120

Posted on 08/15/2014 by |AARP Blog Author | Comments

Home & Family | Money & SavingsSeventy-nine years ago today, President Franklin D. Roosevelt signed the Social Security Act into law, birthing that most important government program and, as a result, a coveted prize of identity thieves: your Social Security number. You know why you need to guard your SSN like an amped-up Rottweiler: In the wrong hands, it’s the quickest and arguably most common way for an ID thief to pose as you to open credit accounts and get medical care, your tax refund, even a job. …

Another AARP Spoofing Scam Surfaces

Posted on 07/25/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & Savings | TechnologyRobocalls continue to falsely claim that AARP is providing “free” medical alert devices (I got one just yesterday, with a displayed caller ID number belonging to a local swim club), and now there’s a new ruse faking the AARP name. This time, live representatives claim to be calling on behalf of “AARP Member Advantages,” asking you to “verify” personal information based on the lie that it’s a requirement of the U.S. government if you want to continue participating in AARP-related services …

Senate Panel Holds Hearing on Scams Aimed at Seniors

Posted on 07/17/2014 by |AARP Blog Author | Comments

Money & SavingsBy Kristin Keckeisen, Fraud Watch Network campaign manager Finally, some much-needed attention to the long-running grandparent scam. The Senate Special Committee on Aging held a hearing on July 16th as part of an ongoing series highlighting fraud’s devastating impact on seniors. Among the witnesses: an 81-year-old Ohio resident who lost more than $7,000 to a con artist impersonating his grandson. The grandparent, or “family emergency,” con is simple — and effective. Scammers troll obituaries and social media sites to glean personal …

4 Scams That Prey on Your Patriotism

Posted on 07/2/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & Savings | Relationships | TechnologyHappy birthday, America! Time for fireworks, barbecues and flag-waving. But know that fraudsters also have their own reason to celebrate: On July 4 (and every other day), your patriotism helps them in some of the nation’s biggest scams — especially but not exclusively when targeting those of retirement age. “Despite the stereotype, there is not a lot of data to indicate that seniors are any more trusting than anyone else,” says Stacey Wood, a neuropsychologist at Scripps College in Claremont, Calif., …

7 Telltale Signs of a Job Scam

Posted on 06/27/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsThe good news for job seekers: The government’s most recent employment report finally puts total employment at pre-recession levels, with nearly 9 million more jobs than at its low point. The bad news: Scammers are even better poised to steal the money and identities of hopeful applicants, by posing (usually online) as legitimate employers with “We’re hiring!” claims. Here are some tip-offs to an impending employment rip-off: 1. Your cash for your (background) check. The most common ruse is getting job applicants …