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.
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.
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.
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 shows why this feature would be valuable.
En español | Got word that your friends are getting word from you about being mugged abroad or pitching discount Viagra and other spam? Or maybe you can’t log in to even check your email.
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.
In an era in which online accounts can be cracked with sophisticated software or a hacker’s ingenuity, taking an extra step when you log in can give you miles in added protection — even when using “strong” passwords.
Since debuting in late October, Apple Pay has certainly proved to be easy, convenient and popular. Upstaging previous efforts by Google, eBay and various start-ups, the latest mobile-wallet venture is now accepted at some 700,000 locations across the United States and has 2,500 partnering banks and institutions.
At AARP, we know that the people we represent have worked hard to save for retirement, and we believe that they deserve to have financial advisers who work just as hard to protect and grow their savings.
“Make this a national conversation,” Cecilia Muñoz, director of the White House Domestic Policy Council, urged participants in Tampa at the first in a series of five regional forums preparing for the White House Conference on Aging this summer.
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