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‘Fast Fraud’ Surges on Payment Apps

 The latest news on consumer fraud from The New York Times: “In the pandemic, people have flocked to instant payment apps like Cash App, PayPal’s Venmo and Zelle as they have wanted to avoid retail bank branches and online commerce has become more ingrained. To encourage that shift, the payment apps have added services like…

How to Notice, Avoid and Report Fake Check Scams

“We may live in a digital world but old-fashioned paper cheques are still in use, and, for the scammers, they present an opportunity to steal your money” “Of the many scams that are prevalent in today’s society, fake cheque scams target consumers of all ages, and worryingly, they’re on the rise.” “In this guide, we’ll…

Protect yourself from growing credit card fraud

“Even if you’re careful, your credit card information will probably be stolen at some point. And we’re mostly on our own to protect ourselves” explains Shira Ovid, writing for The New York Times On Tech newsletter. What you need to do:  Sign up for email or phone alerts for each transaction. Limit or eliminate the…

App Traps to Watch for when Online Shopping

“A surge in bogus apps recently began flooding Apple and Android app stores mimicking well-known retailers and products — from Dollar Tree and Foot Locker to luxury brands including Jimmy Choo and Christian Dior. Some contain malware that can steal personal information or trigger ransomware to hijack mobile devices until a ransom is paid, notes…

Dump Wells Fargo!

If you bank with Wells Fargo it’s time to dump that scandal-plagued institution and find another bank, or better yet, a credit union. Why would any consumer continue doing business with a bank that defrauds its customers? The scandal has been front page news in The Wall Street Journal for the past week. Bank policies…