We’ve all experienced our phones ringing off the hook with a barrage of telemarketing calls. While these calls can be a real nuisance, some are far worse. Scammers use the latest telemarketing technology to rip off victims to the tune of millions of dollars each year. The threat of financial loss is especially great for older Americans living off of their retirement nest eggs.
If you are one of America’s 55 million Medicare beneficiaries (or, if someone in your life is), you need to know about a big, POSITIVE change coming. Starting this month, the U.S. government is mailing out new Medicare cards that have been redesigned to help prevent identity theft. New enrollees will be among the first to get the cards. Current enrollees will get theirs over the next year.
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Last week, AARP announced the launch of “ The Perfect Scam”, a weekly podcast profiling America’s most shocking consumer scam stories.
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Older adults with otherwise healthy brains sometimes develop biological changes that could put them at risk for financial exploitation, according to a study published earlier this year by researchers from Cornell and York universities. Previous studies had identified a link between brain disease (mild cognitive impairment, Alzheimer’s disease ) and increased risk of financial exploitation, but this is the first study to look for biological risk factors among otherwise healthy adults who are aging normally.
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The fight against the financial exploitation of older Americans is about to get a whole lot easier.
Today, we unveiled a new Fraud Watch Network campaign to inform Americans about social media hazards and provide information about how consumers can protect themselves and their loved ones. While roughly 70 percent of Americans regularly use social media, according to the Pew Research Center, many aren’t aware of these new types of scams.
Data protection in mobile devices.
Each day about 20 billion text messages are sent to 2 billion smartphone users worldwide. Most of these texts are opened within three minutes, and many within a few seconds.
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Despite crackdowns that busted several crime rings and resulted in scores of arrests in what reigned as the top scam for three consecutive years, IRS impostors are still going strong, launching two new twists in their long-running schemes that have already bilked U.S. taxpayers of at least $55 million since 2013.
Internet crime and electronic banking security
According to the cybersecurity company Symantec — known for its Norton and LifeLock products — cyber criminals reached “new levels of ambition” last year.
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As temperatures rise, so do certain scams. Here’s how to avoid getting burned in summer’s most common cons.
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