FTC: $1.7 Billion Lost to Fraudsters in 2014 — ID Theft Top Complaint … Again

Consumers reported losing $1.7 billion to scams and frauds in 2014, according to an annual review released by the Federal Trade Commission. That figure is likely a fraction of actual losses, since many people never report their victimization. For the 15th consecutive year, identity theft was the top complaint in the FTC’s Consumer Sentinel Network Data Book, accounting for 13 percent of the total 2.5 million filed complaints. That’s the same percentage as in 2013, but with more people reporting …

What You Need to Know About 2014’s Top Scams

When fraudsters cook up a new scam, they typically use the same recipe: Start by establishing a connection with the target, be it through sweet talk or intimidation; mix in feigned credibility or authority; then turn on the heat to trigger emotions for an “Act Now!” response. For icing on the fake, add a dash of modern technology. Alone or collectively, these ingredients proved successful in the past year. Consider the ranking order of the Top Scams of 2014, which the Better Business Bureau …

11 Things We Didn’t Know Last Week

News, discoveries and … fun  1. Doctors and health officials are discouraging a revival of “measles parties,” popular in the 1950s and ’60s. (Learn more at ABC News) 2. The release of water vapor causes the distinctive sound of corn popping.  (Learn more at Los Angeles Times) 3. A 1967 performance on the Smothers Brothers Comedy Hour left Pete Townsend deaf in one ear. (Learn more at AARP) 4. Some Atlanta parents give sons an “old man’s” haircut as discipline. (Learn more …

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 …

Dangerous Search Terms Beyond ‘Jimmy Kimmel’

Jimmy Kimmel got laughs last week after being named 2014’s Most Dangerous Cyber Celebrity. According to online security firm McAfee, one in five searches of Kimmel’s name landed Internet surfers on pages that “tested positive” for online malware threats. What’s no joke: Once again, cybercrooks have proved that people’s appetite for entertainment feeds their chances at hacking success. Why? “Celebrity names, coupled with the terms ‘video’ and ‘picture,’ are some of the most-searched terms on the Internet,” explains McAfee chief privacy officer Michelle …