3 Sneaky Schemes That Scammers ‘Bank’ On

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 of …

IRS Warns of ‘Sophisticated’ Phone Scam

The Taxman Cometh with a warning about a new telephone scam that the IRS says is more sophisticated than the traditional trickery that aims to collect your personal information. >> Sign up for the AARP Money newsletter This time, crooks posing as IRS agents seem to know some of it already:somehow, they’re able to recite the last four digits of your Social Security number. To suggest further authenticity for their phony phone calls, made to residents in nearly every state, …