Financial Fundamentals Blog

How Fraudsters are Exploiting the Coronavirus and Ways to Protect Yourself

  • Francesca Sacco
Fraudsters are leveraging fears over the coronavirus (COVID-19) as an opportunity to scam financial institutions and individuals. Scams include phony websites, fake Go-Fund me accounts and phone calls and text messages that ask for personal information. While the best way to protect yourself is to remain vigilant, we’ve compiled some tips to help you safeguard your personal information.

Don’t fall victim to these trending scams

  • Francesca Sacco
Fraud is on the rise, and there are so many different ways the scammers try to take advantage of people. Learn about the most popular scams and how to recognize the warning signs. Staying vigilant is the best way to protect yourself.

Tips to Prevent Elder Financial Abuse

  • Francesca Sacco
Knowing the signs of elder financial abuse can help protect yourself or your loved ones. Seniors are increasingly becoming targets for financial abuse. People over the age of 50 control over 70 percent of the nation’s wealth, and fraudsters are using new tactics to take advantage of the growing number of older Americans. Senior abuse is estimated to have cost victims at least $2.9 billion in the last year alone.

5 Steps to Spring Clean your Finances

  • Francesca Sacco
Tidying up your Credit and Financial Information can lead to a Smooth Summer

Spring is here! Nothing feels more satisfying after a long winter than a little spring cleaning. But your home isn’t the only thing that needs freshened up. Be sure to add your credit and financial information to your tidying list. Here are few tips from Experian, a consumer credit reporting company, to make sure you’re making a clean sweep of your financial information.
 

What is tax-related identity theft?

  • Admin
In 2018, the Internal Revenue Service (IRS) reported that tax-related identity theft is on the decline. Even though its numbers are dropping, you should still be aware of it. With tax time rapidly approaching, let’s look at its signs and what you can do to protect yourself.

What are phishing, vishing and smishing?

  • Beth Ann Tabak
They might sound cute and clever, but phishing, vishing and smishing are anything but that. Let’s take a look at these common attempts to steal your personal information and how you can protect yourself.

Fraud Watch: Holiday Scams to Avoid

  • Beth Ann Tabak
The National Retail Foundation (NRF) estimates that America’s retail sales are set to hit between $717 billion and $720 billion this Holiday season. It’s prime shopping season not just for those who want to make the season joyous for their friends and family, but also for those fraudsters looking to take advantage of the giving spirit. Here’s what to keep your eye on as the Holidays approach.
 

Protect yourself from financial aid scams

  • Beth Ann Tabak
With the recent release of the 2019-2020 Free Application for Federal Student Aid (FAFSA), millions of students and their parents are starting the search for next year’s college financial aid, making them susceptible to scammers. Navigating the world of college financial aid is not an easy task. Making it even more difficult are those out there willing to take advantage of you.
 
 

Protect yourself against identity theft

  • Beth Ann Tabak
In September of 2017, it was reported that Equifax, one of the nation’s three largest credit bureaus, had experienced a severe security breach. The personal data of nearly 150 million Americans was made vulnerable, exposed to hackers and scammers to use as they please.

While the initial sting of the breach has passed, its danger has not. We must all continue to protect our valuable personal information. Here’s how you can secure your personal data.

 

How to scope out a spoofer

  • Beth Ann Tabak
Keep yourself safe from telephone scams

Four tips to avoiding summer travel scams

  • Beth Ann Tabak
Ready to get away this summer? We hear you! Just don’t fall prey to a fraudster. Here are four tips to steering clear of travel scams this summer.

Four signs you might be a victim of tax-related identity theft

  • Beth Ann Tabak
Though the Federal Trade Commission (FTC) reports that tax-related identity theft is on the decline, it’s still a possibility. Here are a few signs that could indicate you’re a victim.