Data Breach Hits Major Banks

JPMorgan Chase and at least four other major U.S. financial institutions are reporting hack attacks by cyber criminals who lifted customers’ personal information, according to published accounts. The attacks, which apparently took place in August, stole customer data that could be used to drain checking and savings accounts, Bloomberg News said, citing sources briefed by law enforcement. News accounts didn’t name the other banks targeted in the cyber theft or disclose how many customers may be at risk. Banks must …

Fear Is Back! Jury Duty, Other Intimidation Scams Return

As the forecast faithful can verify, March certainly came in like a lion. But out like a lamb? Scammers continue to be anything but sheepish in trying to steal your money and identity. Witness the recent return of the jury duty scam. That’s when fraudsters, posing as courthouse officials or police, telephone with claims you missed jury duty. Because of that, they threaten, you’re going to be arrested unless a fine is immediately paid – sometimes requested by credit card, but usually a …

$25: What Scammers Pay for Your Identity

Consider it the law of Evil Economics: With the identity theft business booming, prices for stolen personal information sold on the black market have reached record low prices. “It’s simple supply and demand,” explains Jon Ramsey, chief technology officer at Dell SecureWorks, a division of the computer behemoth. “The identity theft business is so good that there’s a glut on the market” of everything crooks need to commit financial fraud. The result: It costs them less to obtain your stolen identity …

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, …

Do Not Fall for “Do Not Call” Scam

Perhaps the last nuisance phone call you might expect is from the very government agency that’s trying to halt them… especially if your phone number is among the 209 million already listed on the National Do Not Call Registry. Sign up for the AARP Money Matters newsletter It’s scammers -once again – who are posing as representatives of the Federal Trade Commission or the registry with an offer to enroll a phone number or “confirm” or “renew” an existing listing. …