If an identity thief gets ahold of your information, it can be used in many ways. Your Social Security number can be used to create new accounts, take out a loan or apply for a job. Your bank account can be drained and fraudulent purchases can be made. Someone can use your information to see [ā¦]
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How is identity theft committed? Your personal information can easily fall into the wrong hands. Often, thieves search through trash for sensitive documents, but increasingly information is stolen from online sources. You might fall prey to a fraudulent phishing email that steals your information, or someone might use a āskimmerā to take your credit card [ā¦]
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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. āCarol, weāve become aware of a widespread scam targeting bank customers nationwide, including ours. [ā¦]
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When discussing the financial world, insurance is probably one of the safer aspects according to statistics. This doesnāt mean immunity from insurance fraud. For seniors, this is a cause of concern as many donāt use a computer regularly. The biggest issues regarding insurance fraud among consumers are stolen social security numbers, fake insurance policy placement, [ā¦]
The post How to Protect Yourself from Insurance Fraud appeared first on SeniorNews.
Last weekās column discussed telephone fraudsters and other senior scams to watch out for, especially this time of year. Unfortunately, older individuals are easy targets because weāre lonely and miss the constant companionship we enjoyed at work. Or weāre lonely because the spouse has passed and the adult children have busy lives.Ā How to Spot Financial [ā¦]
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