Weight-Loss Scams That Lighten Your Wallet (Not Your Scale)

The new calendar heralds a return to the most popular New Year’s resolution — to lose weight. Yet despite the $2.5 billion a year spent on weight-loss products and services, the only result for many is a lighter wallet. Through most of the past decade until 2011, when the Federal Trade Commission classified complaints by “product category,” more people were defrauded buying supposed “miracle” supplements and toning creams, “easy” exercise gizmos and “breakthrough” diets than any other type of products. To spot the …

1 in 4 Didn’t Notice ID Theft for at Least 2 Years. Would You?

Identity theft is fast-moving. Are you asleep at the wheel? The sooner ID theft is discovered, the easier it is to repair the damage. And yet, 1 in 4 people did not know they were victims until at least two years later, according to the Identity Theft Resource Center (ITRC). That’s more than enough time to destroy your financial life and start a new one on your dime. Sixteen percent of 201 people from 39 states who contacted the ITRC in …

Once More Unto the Security Breach

For the third time this year, I opened an unmarked envelope to find a new credit card glued to the insert. Actually, it wasn’t a new card. Just a replacement for my current card, now unusable because of a security breach somewhere. I’ll be amazed if this card makes it to the end of the year. Sound familiar? Security Breaches on a Massive Scale Huge data breaches affecting millions of American consumers seem to be happening with regularity these days. …

Stand Guard Against Veterans Scams

As we honor our former military personnel, Veterans Day is also a good time to recognize the year-round attempts to defraud them and to take advantage of those who appreciate their sacrifice and service. In some scams, veterans are specifically targeted. In others, fraudsters impersonate active-duty or former soldiers or claim to be working on their behalf to con patriotic civilians. A rundown of common schemes: Charity scams: Bogus charities that claim to benefit veterans are also among the most successful schemes, …

10 Dumbest Things to Do Online

Trying to get scammed? Engage in these stupid but common online practices and the smart money is that you likely will. 1. Falling for emotional bait. Online and otherwise, scammers line their pockets on your emotions — greed, fear, curiosity — and often fuel each with “Act Now!” urgency. Offers of easy money and threats of negative consequences phish for your money and/or personal information. Promises of forbidden photos or links, especially with terse “Check this out!” messages, are used to install …

Is a Credit Freeze for You?

To freeze or not to freeze? It’s a common question, particularly after reports of yet another breach of payment card data like those at Home Depot, Kmart and Dairy Queen. The answer: Probably yes — but not because of those kinds of breaches. Certainly a credit freeze (also known as a security freeze) is a great way to proactively prevent identity theft and is advised for past victims of this crime who are likely to be targeted again. But it’s not foolproof and, …