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.
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Studies have shown that if you are aware of a specific scam, you are 80% less likely to engage with it, and if you do engage, you’re 40% less likely to lose money or sensitive information. So, when it comes to scams and fraud, knowledge is indeed power. But how can we spread that knowledge around, so more people are empowered to protect themselves?
School supplies have hit the store shelves, but that doesn’t mean it’s too late for one last summer trip. But beware, because the pool of last-minute travel deals is filled with sharks.
Renting a home or apartment is a big expense but it could be an even bigger one if the rental is a scam. Criminals copy legitimate listings and look for easy cash by collecting the first month’s rent, deposit, and application fees and then bolt before handing over the keys. Numerous versions of rental frauds abound – some are bait-and-switch while others will attempt to rent out properties that are already leased or otherwise unavailable.
One out of every three American veterans has had a scammer try and steal their benefits. This statistic highlights how veterans, active-duty service members and their families are nearly 40% more likely to lose money to scams and fraud. To help combat this AARP recently launched an online resource center focused on veterans-related scams.
One question that everyone wants to know when it comes to scams and fraud is where is the greatest risk? When people are bombarded by criminals on email, over the phone, text and online it’s hard to know where to focus. And while it’s important to take every scam attempt seriously, consumers should realize that they are particularly susceptible on social media.
For the second year in a row, sticker shock – especially with rental cars – is greeting summer travelers. Reduction in fleet sizes during the pandemic and supply chain issues have once again created a situation where rental care demand is high, supply is tight, and prices are high.
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