How to Outsmart a Fraudster

Hands on the Money

Frauds and scams have escalated. Here are a few tips I received from my bank that will help keep us aware of scams. The following note appeared in my email this morning and I hope you take precautions to remain safe. "Carol, we've become aware of a widespread scam targeting bank customers nationwide, including ours. Please use caution when discussing your bank accounts over the phone as you could be chatting with a scammer, disguised as a Bank employee. Keep in mind, while we do make follow-up calls occasionally, we don't call our customers out of the blue." Here are

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How to Protect Yourself from Insurance Fraud

When discussing the financial world, insurance is probably one of the safer aspects according to statistics. This doesn’t mean immunity from insurance fraud. For seniors, this is a cause of concern as many don’t use a computer regularly. The biggest issues regarding insurance fraud among consumers are stolen social security numbers, fake insurance policy placement, and scams looking to steal any personal information possible. The good news is you don’t have to be caught off guard. Be proactive and protect yourself against insurance fraud. Also, don’t be afraid to report fraud. Tips to Protect yourself From Insurance Fraud and Scams

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How to Stop Money Scammers

How to Stop Money Scammers

Why scammers get away with their crimes – and what you can do to stop them! It’s not always easy to avoid scams. Criminals are tricky, aggressive, and they’ll say whatever they have to that will convince someone to hand over their hard-earned money. If one of these scoundrels rips you off, what will you do about it? How to Stop Money Scammers Everyone has the potential to become a victim of a scam, including you. I’ve seen countless stories come across my desk of victims who refused to believe that scammers ripped them off until they’ve lost everything. Some

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Warning signs of identity theft

Here’s what to look for if you think an identity thief has targeted you: A strange charge on your credit card bill When reviewing your bank account, do you ever notice a charge that you don’t remember making? Even a small discrepancy can indicate fraud. Sometimes criminals make a test charge just to be sure a transaction will go through before making a bigger move. Credit card bills stop coming in the mail If you didn’t opt-in to paperless billing but some of your mail isn’t showing up, now’s a good time to give that company a call. Identity thieves

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How Seniors Can Keep Information Safe Online

How Seniors Can Keep Information Safe Online

What’s The Issue? The Pew Research Center found that in a 2017 study that 67% of adults ages 65 and older say they go online. In a growing technological world, seniors are having to adapt more and more to living online. How Seniors Can Keep Information Safe Online Unfortunately, since most of everyday life is spent online, the rise in online identity and financial theft has risen considerately. CNBC reported back in August that over $36 billion dollars has been stolen from seniors in online financial fraud schemes. That same report says that one in every 18 cognitively intact older adults

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Scammers stealing Social Security numbers from Medicare recipients

Scammers stealing Social Security numbers from Medicare recipients

  Medicare will soon roll out new Medicare Health Insurance cards to all seniors. The new cards are designed to help prevent identity theft by removing one specific piece of information – Social Security numbers. Identity thieves are aware of this change and are currently scrambling to obtain as many Social Security numbers and other personal information from seniors as possible before the release date. Scammers stealing Social Security numbers from Medicare recipients Instead of Social Security numbers, the new cards will use unique Medicare numbers to identify cardholders. The new Medicare number is only useful for Medicare purposes and is

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Important Information About Your New Medicare Card

Important Information About Your New Medicare Card

As part of a plan to reduce the likelihood of identity theft, CMS (Centers for Medicare and Medicaid Services) is mailing new Medicare cards to all 58 million Medicare beneficiaries. The mail-out will begin in April of 2018 and last for approximately a year, with the cards going out in waves based on your state of residence. Important Information About Your New Medicare Card Why is Medicare Mailing Out New Medicare Cards? Medicare cards have traditionally contained a beneficiaries Social Security number featured prominently on the card. With the increasing prevalence of identity theft, particularly among seniors, legislation passed in 2014

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Two tips to avoid new telephone scams

TTwo tips to avoid new telephone scams

The new year presents new challenges and opportunities for everyone. While you may or may not have created a resolution list to tackle in the coming months, some individuals may have already added stealing your money on their to-do list. Two tips to avoid new telephone scams Scammers have sharpened their skills in 2017, and they’re ready to deploy their enhanced knowledge in 2018 using proven techniques, including jury duty scams and first responder scams. In a jury duty scam, a caller telephones to let you know you’ve missed your appointment for jury service. You are told you must pay

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Scammer cheats senior out of her cash

Scammer cheats senior out of her cash

  How to prevent scammers from stealing your cash! “Hello?” Catherine asked when she answered the phone. Scammer cheats senior out of her cash  “Hi. My name is Kevin Merchant. Who am I speaking to?” Scammer cheats senior out of her cash  “Catherine. Can I help you?” Scammer cheats senior out of her cash “Hello, Catherine. You probably don’t remember me, but I loaned you some money a few years ago. I’m not sure why you needed it, but I trusted you and gave you a check for $6,000. I haven’t heard from you since then, and it’s taken me all this time

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