Why and How College Students Are Scammed

College students are ideal victims for identity theft, with clean or nonexistent credit histories ripe for exploitation … and often clueless about their risks and value to scammers. They are more likely to post birth dates and other personal nuggets on social media that can be pieced together by Facebook-trawling identity thieves, and to use public Wi-Fi for risky online shopping, banking and email. They’re also more apt to open links touting free music and games (that actually hide computer …

FTC: Impostor Scams Surpass ID Theft (but Debt Collection Remains Top Complaint)

More Americans last year complained about scammers playing an identity — most often, that of an IRS or other government official — than stealing theirs. In its 2016 Consumer Sentinel Network Data Book, released last week, the Federal Trade Commission (FTC) said impostor scams surpassed identity theft for the first time, becoming the second most common category of consumer complaints. Debt collection remained the top consumer gripe, generating 859,090 complaints (28 percent of the total) — more than the combined …

Do’s and Don’ts to Prevent Romance Scams

True love may be priceless, but searching for it can cost dearly. Among the top-grossing swindles worldwide, romance scams netted fraudsters nearly $2 billion in 2016 (roughly the same amount generated by legitimate dating websites) and a new victim every 48 seconds. The most pursued and prized target: American women over 40 — usually divorced, widowed and/or disabled — who are looking for love or companionship online. Typically working from boiler rooms in Africa or Russia (though some are independent), …

New Utility Impostor Scams

No disrespect to Punxsutawney Phil, but here’s a more realistic winter forecast: When it’s cold outside, utility company impostors turn up the heat — angling for your money. The biggest scam is the longtime shutoff swindle, which is reaching record levels this season in some parts of the country. Posing as local utility company personnel, fraudsters call homeowners and small-business owners, claiming that their gas or electric account is delinquent and that service will be shut off within hours if …

Find the Fraudsters: AARP’s Fraud Watch Network Offers New Scam-Tracking Map

Fraud is a growing problem across the U.S., with more than 1.2 million fraud-related complaints reported to the Federal Trade Commission’s Consumer Sentinel Network (CSN) in 2015 alone. Among those complaints, a total of $765 million was lost by consumers who fell victim to scams, according to CSN’s February 2016 data book. Of 30 complaint categories, CSN ranked identity theft as the second most common complaint reported to law enforcement, followed by impostor scams. (Debt collection was ranked first.) While the numbers …