Peer-to-peer (P2P) payment apps like Venmo, Zelle, and Cash App have made sending money between family and friends easier than ever. But consumers beware: while these apps make exchanging money fast and convenient, they also make it quick and seamless for criminals to steal your money through a variety of tactics.
Artificial intelligence (AI) is making it even easier for criminals to steal people’s money, and American’s anxiety is rising. Concern is especially high around financial services, where scammers can use deepfake technology — AI-generated audio and video — to impersonate people and hack into bank accounts.
The week of October 3 is World Investor Week, a great time to remember that the too-good-to- be-true investment opportunity often is exactly that. Investment scams are among the oldest out there. With lots of people looking for a way to make money on investing, there are at least as many looking to take it away. One area where investment scams have thrived as of late is in cryptocurrency, which has taken a quantum leap recently.
Staying a step ahead of the scammers is like playing a never-ending game of whack-a-mole. Research shows that people who know about a specific scam are 80% less likely to engage with it, but how can you stay up to speed on all the different threats? One great tool is the AARP Fraud Watch Network’s Watchdog Alert.
No matter the season, plenty of us are looking to slim down, and scammers hope to pack their pocketbooks while we all try to unpack the pounds. In 2021, according to the Federal Trade Commission, bogus diet products and programs accounted for nearly 30% of all complaints in the category of health care scams.
Certain scams can come and go but there is one that never seems to fade away – the Social Security impostor scam. According to the AARP Fraud Watch Helpline, Social Security impostor scams were the most frequently reported type of scam in 2021. In fact, according to the Federal Trade Commission, there have been nearly 312,000 reports of Social Security impostors, with overall losses topping $95 million over the past 5 years.
When it comes to the labor market, the supply of jobs is outpacing demand but that doesn’t mean that employment scams have gone away. With many workers looking for a side hustle to help make ends meet, there are still enough potential victims to fuel these schemes.
Adding to poverty, lack of adequate housing and transportation, and food insecurity, the rural areas of Appalachia face problems with access to adequate and appropriate health care. Efforts to combat those issues were highlighted recently in the continuing series—Livable Appalachia—hosted by AARP Virginia, AARP North Carolina, and AARP Tennessee.