Top Phishing Scams on Social Media

Phishing attempts on social media have more than doubled over the past year as scammers find new ways to trick people into providing personal and financial information. During the first quarter of 2016, ploys to glean log-in credentials, credit card and other ID-worthy information soared 150 percent over the same period in 2015, according to Proofpoint, which provides social media security services to leading companies and nearly 225 million of their individual followers on Facebook, Twitter, LinkedIn, Google+, Instagram and …

New Twist to the Tech Support Scam

After seven long years, the tech support scam continues as a reigning rip-off, generating more reports nationwide to the AARP Fraud Watch Network Helpline (877-908-3360) than any scheme except the IRS impostor ruse. Microsoft estimates that another 3.3 million Americans will fall victim in 2015, losing an estimated $1.5 billion to fraudsters posing as its or other tech company employees. The typical scenario is scary enough: Callers (sometimes from overseas boiler rooms) claim that your computer is infected with a dangerous …

10 Tips for Even Safer Online Banking

About half of Americans now use computers or smartphones as their primary banking method. Online banking with PCs or Macs still reigns supreme as “most preferred” by one-third of customers, but mobile banking has increased fourfold since 2010. Either method is safer than mailed statements. But with their geo-location capabilities, secure banking apps and other advances in mobile software, smartphones may have the security edge over traditional computers. Here’s how to make mobile and old-school online banking even more secure. …

Making Retirement Saving Even More Valuable by Adding Automatic Emergency Savings

Automatic enrollment for retirement saving is both effective and popular among all income, gender and ethnic groups. It has increased participation, helped people to both start saving earlier and to make appropriate investment choices.This mechanism would be even more useful, especially for younger workers and those with low-to-moderate incomes if retirement savings plans also allowed employees to save for unexpected expenses. Recent research by the US Financial Diaries Project, which looks at the actual income flows of low-to-moderate income consumers …

AARP Applauds Fix for Medicare Payments to Doctors

After 17 years of kicking the proverbial can down the road, Congress has come together in bipartisan fashion to repeal and replace Medicare’s flawed formula for reimbursing doctors with an improved payment plan. With President Obama’s April 21 signature of the Medicare and CHIP Reauthorization Act (MACRA), Medicare beneficiaries can finally feel more secure in knowing that they can keep seeing their physicians each year. AARP has advocated for a permanent fix of the old doctor payment formula, called the …