One of the very worst scams committed against the elderly today is elder financial abuse, and it appears to be getting worse. Practically every day now, we read about some form of cybercrime and its effect on society in general. Ransomware attacks were made on an oil pipeline in the U.S. and a few days ago, an attack against a meatpacker in Australia.
(BPT) – While you take care to limit social interactions and wash your hands to prevent the spread of the coronavirus, you also need to take steps to protect your finances and identity. COVID-19 scammers are now taking advantage of the current pandemic to lure victims in with new phishing scams.
“We know consumers are managing their money and finances online, so it’s more important than ever to raise awareness of smart security practices,” says Vice President of Security at Navy Federal Credit Union, Chip Kohlweiler. “Being proactive and learning about your security is a great step toward keeping your accounts and information safe. There’s a good chance your bank or credit union has resources available for you to learn about how to identify View full post…
Do You Know How To Protect Yourself From Identity Theft?
Do you allow online vendors to store your credit or debit card information on their website? Do you use an app where you store your credit or debit card information? Do you know how to protect yourself from identity theft?
In today’s fast paced society, many Americans do just that so that they can make purchases more quickly. Actually, almost 100 million of our citizens are doing that.
Is it wise or safe to do that just to make a purchase one minute faster? Obviously, many will say yes, until the day that particular vendor has their website hacked. Then, when a hacker starts making purchases on that site with your credit card, your opinion will probably change.
On May 16, a bipartisan bill was passed by the House of Representatives, HR 3832, in an attempt to deter a tax related identity thief. The bill provides for several new defensive programs and measures that will hopefully impede efforts by identity thieves.
Following is a brief outline of the bill:
An office within the IRS will be created as a contact point for victims of identity thieves.
Does LifeLock Work? Think You’re Safe from Identity Theft?
Does LifeLock work? If you use this service and ever had your identity stolen, I’m certain you will answer with a resounding yes! Identity theft is a very serious matter and unfortunately is on the rise. Many of us don’t realize just how easy it is for a thief to steal our identity. In the best of cases, we will spend some time and money while we try to restore our credit to get rid of any fraudulent purchases made.
In the worst of cases, we could find ourselves involved in legal disputes, or with a warrant for our arrest. No one wants this to happen and the best way to ensure that it doesn’t, is to consider a program such as LifeLock. View full post…
Don’t Get Caught By an Identity Thief – You Can’t Afford It
It seems like the number and different types of scams increase in direct proportion to the percentage of downturn in the economy. It’s either that, or we’re raising a generation of individuals with no scruples or concern for others. Just about every day, we hear of individuals who have been the victim of identity theft and the absolute mess it has made of their lives.
There are so many ways that these criminals can get access to your personal information, it’s enough to make one shudder. Unfortunately, identity theft is one of the fastest growing crimes in this country, however, there are a few steps that you can take that will deter them somewhat, or at least slow them down.
In 2011, there were in excess of 11,000,000 (read this eleven million) cases of identity theft in the United States with an estimated loss of $56,000,000,000 (fifty six billion dollars) When you hear what age group is hit the most and also loses the most, you may have a hard time accepting it. You, as I did, assume that senior citizens would be targeted the most, but that’s not the case…it’s the 18 to 24 year age group. They are online more and it takes them longer to realize that they have been victimized.
Our firm provides the information in this website for general guidance only, and it does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with a competent professional tax, accounting, legal, or other professional advisers. For information on how to use this data, you are advised to read our Legal Disclaimer page and our Circular 230 page.