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.
Grandparents love their grandchildren, and criminals love to take advantage of that. Indeed, scammers continue to find ways to put new spins on an old scam to target grandparents’ hearts and wallets.
When it comes to combatting scams, we all have the same superpower. The single most effective way to avoid scam calls is to let your answering machine or voicemail screen calls for you. It’s a power we all have, but unfortunately, it’s not a power we all use.
Congress is talking about changes to Medicare again and scammers are listening. Whenever large government programs like Medicare are in the news, criminals will be on the phones hoping to cash in on the surround sound.
If you receive Social Security benefits, the easiest way to change your address and phone number is by creating a personal my Social Security account at www.ssa.gov/myaccount. Once you create your account, you can update your contact information from your preferred location. This feature is available for people who receive retirement, survivors, or disability benefits, along with Medicare enrollees. If you receive Supplemental Security Income, you can check the address that we have on record with your account.