By Janet Bodnar From Kiplinger’s Personal Finance Eric Iversen, author of “How to Be Cyber Safe + Savvy,” a guide for seniors commissioned by the National Cryptologic Foundation, offers advice for seniors. Question: Why a guide specifically aimed at seniors? Answer: Navigating the online world is a learned skill for seniors, and their lack of…
5 Bad Investments Even Smart People Make
When people read about failed investments, a common misconception is that the victims must not have thought things through carefully enough or made other “stupid” decisions. Unfortunately, however, intelligent people can fall into the trap of investment and money-making opportunities that are not expected and could even evolve into total scams. Here are some compelling…
Home Equity Scams
Homeowners beware. These days, home loan scam artists are lurking around every corner. They’re hungry, they’re determined and they’re coming after your equity. Unscrupulous loan peddlers are known as predatory lenders because of their uncanny resemblance to vultures. These loans encourage people to consolidate their debts and suggest this will prevent them from ever overspending…
Aussie Watchdog Calls for New Laws to Combat Online Scams and Anti-Competitive Behaviour
Australia’s consumer watchdog is calling for new digital platform laws to be passed that would protect consumers against scams, fake reviews, redress consumer complaints and anti-competitive conduct. In its fifth interim report (pdf) on digital platforms that was released on Nov. 11, the Australian Competition and Consumer Commission (ACCC) said that the country’s current competition…
Don’t Make It Easy for Scam Artists to Steal Your Personal Information
By Steve Rosen From Tribune Content Agency One thing I learned years ago was to never share my Social Security number and date of birth with anyone on the internet or my cell phone, especially strangers. That was hammered home for me recently when a Kids & Money reader sought help from me regarding the…
Australians to Lose $4 Billion to Scams in 2022: Aussie Minister
The Australian government has warned that scammers could rob Australians of $4 billion (US$2.57 billion) in 2022, which is nearly twice the amount of losses reported in the previous year. On Nov. 7, Financial Services Minister Stephen Jones announced that the Labor government would establish a new anti-scam centre inside the Australian Consumer and Competition…
Teens and Parents Beware, Social Media Scams Are on the Rise
By Steve Rosen From Tribune Content Agency Teens these days—and many parents too—are obsessed with social media. So are scammers looking for identity theft targets. For victims, the day-to-day impact of letting your guard down can be life-changing, both financially and emotionally. And the problem appears to be worsening, according to the Identity Theft Resource…
When Investing in Crypto, Avoid These Scams to Protect Your Portfolio
Cryptocurrency is one of the most popular investments of the past few years. The crypto market is booming, with billions of dollars traded and bought quarterly. However, despite this increase in popularity, the crypto industry is not without its fair share of scams. Coinbase, one of the world’s largest and oldest cryptocurrency exchanges, has come…
12 Scams to Avoid During Retirement
Scams use the stereotype of a confused, older person giving their money to a scammer is almost cliché at this point in time. Unfortunately, not many people question this idea, leading them to ask why seniors fall for scams in the first place. A better question may be, why does anyone fall for a scam?…
How to Spot Moving Company Scams
People are on the move all over the nation. Many want to relocate to find lower-priced communities or to start a new job. And an increasing number are leaving blue states for red. Legitimate moving companies know this. But so do scam artists—and many people are falling for moving company scams and getting ripped off….
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