The past two years have seen an explosion of cryptocurrency scams which has led many people to ask the same question - how? After all, cryptocurrency is something most people don’t understand, and those who do follow it know that it is very volatile, completely unregulated, and has no protection for investors.
People are losing billions a year to crypto scams. If we had to pick someone to blame (besides criminals), it might be Cupid. Romance scams have become one of the top drivers of crypto currency fraud.
If we really want to keep ourselves - and our money - safe from fraud, we must all come to terms with one thing: our personal information is likely already out there. Many entities have our personal information – credit card and bank account numbers, Social Security numbers, and health-related information – and data breaches have most likely exposed it. So, what can we do to protect ourselves after the fact?
AARP Nebraska is shining a light on the urgent need to stop gift card payment scams in our state. Nebraska Legislature Bill 955 has the potential to do exactly that so long as it gains overwhelming support at the January 30 hearing from State Senators comprising the Banking, Commerce, and Insurance Legislative Committee.