As our loved one’s age, they become increasingly vulnerable to a variety of scams and financial abuse that specifically target older adults. According to the Federal Bureau of Investigation (FBI) Internet Crime Complaint Center (IC3), scams reported by those over the age of 60 topped $3.4 billion in 2023, marking [...]
In today’s digital age, scams have become increasingly sophisticated, with fraudsters continually devising new ways to deceive individuals. One prevalent method is the fake fraud alert scam, where scammers pose as legitimate financial institutions or service providers to trick you into revealing personal information. Here are essential tips to help [...]
Did you know that individuals over the age of 50 control 70% of the country’s wealth, and seniors between the ages of 65 and 74, with an average net worth of $1.06 million, have more assets than any other age group? Because members of this age group have disposable income [...]
These days, QR codes are a common and convenient way to scan tickets, view a menu, pay for a service, or even board your flight. With so many great uses, it’s not hard to see why QR codes have gained popularity since the start of the pandemic, but unfortunately, they [...]
Guarding Your Finances: Dodging Scams In today's digital world, online banking makes life easier, but it also brings new challenges like spoofing and phishing scams that can put your money at risk. Let's break it down to help you recognize and avoid these tricky schemes. What's Spoofing? Spoofing is when [...]
Your financial safety is important to us, be aware of spoofing tactics to avoid financial harm! Spoofing is when a fraudster calls or texts pretending they are from a government agency, trusted company, or financial institution. The information shown on your caller ID may look like it’s legitimate however, the [...]
Wondering what the best ways are to protect yourself from fraud? Let's talk about it! Here are a few strategies: 1. Monitor your credit reports and scores to see if there is unusual activity 2. Monitor your financial statements and make sure to contact your financial institution to correct any [...]
Using public WIFI can be risky if you are doing more on your device than exploring the internet. Using your favorite coffee shop’s network means that your personal information, private documents, contacts, family photos, and logins could be up for grabs by a hacker. In today’s “Ask The Expert” blog, [...]
June is Elder Abuse Awareness Month. Top Scams Targeting the Elderly Statistics show that up to five million elderly Americans are abused every year. Criminals often target people over 60 because they are more financially secure, may experience memory loss, and tend to be more trusting. To ensure you or [...]
Many Americans are concerned about someone stealing their credit card, check, or debit card numbers, but they may be ignoring one easy way thieves can access financial accounts: receipts. Disregarding receipts that have valuable information greatly increases the risk of credit and debit card fraud. That kind of carelessness can [...]
