Pyramid Schemes; A Scam To Watch Out For

money-pyramid.jpgGet this scenario: you, a college student who has discovered the luxury of 10 Ramen Noodle cups for only a buck, are approached by a young man dressed-for-success at the local JCrew.

He begins by asking you questions like where you go to school, what you’re studying and what do you want to do with your life. He then tells you a little bit about himself—he says he’s an entrepreneur who’s been quite successful and would like you to come in for a meeting to see if you could become ‘one of them.’

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Online Scams Target You

trap.jpgOnline scammers like people our age for two reasons: They know we love the Web, and they know we trust people.

The result? More young people are being ripped off online right now than ever. Watch out for these scams:

FireFox Enhancement! FireFox is a great open-source browser recommended by a lot of consumer types—free and fast. They’ve just released a wicked new version, too—for free. But scammers in Russia and China are trying to sell the new version, and as a bonus, when you pay for what should be free, the scammers download a virus on your computer. Thanks for nothing! So, what do you do? Download FireFox from only one site: www.mozilla.com.

 

 

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So, What Would You Do With This Phone Call?

phone_call.jpgYou answer the phone, and there’s this nice lady on the phone.

She says she works for Greenpeace and asks if you would like to make a donation to save the whales that are being killed in the Norwegian Sea.

Of course! You’ll help them fight these animal abusers!

You decide to donate $100 to the good cause—your savings for four months.

But hold it: how do you know if your money ends up at the right address?

 

 

 

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Credit Card Phishing

Will You Be Lucky Enough to Get a Call Like This?

 

credit_card_phishing.jpgYou’re sitting around when you get a call from someone who says they are with your credit card company’s fraud department. There’s “suspicious” activity on your account.

Because you are very smart, you know scam artists make calls like this and start questioning the caller.

“Well, I understand your suspicion,” she says, “but my badge number is 148236. You’re welcome to call the number on your credit card if you don’t want to talk with me, but please talk with someone in the fraud department immediately. We think someone is charging to your account.”

The lady sounds pretty legit, but you’re still thinking about hanging up when she continues…

 

 

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Protecting Your Money, Personal Information, & Your Identity

Protecting your personal and financial privacy means educating yourself to take on a complex challenge. You might say that fighting for your privacy rights is like taking on an octopus with many arms (one issue, lots of manifestations).

The resources in this information sheet will help you stay informed about privacy issues and take steps to protect your personal and financial privacy.

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Staying Informed and Making Yourself Heard

news.jpgThere are lots of sites on the Internet that "cover" consumer privacy. How can you determine which sites deserve your trust? Here are a few tips:

  • Determine who runs the site. Look for an "about us" or "contact" page. If you can't find one or they don't clearly identify who they are then find other sites that do. If there's a list of sponsors, check it out.
  • Read their privacy policy. If you can't find one, find other sites that provide one.
  • Advertising. Does the site have advertising? If so, what is being advertised? Could the advertising influence the site content?

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Enhancing Your Computer and Online Privacy

online-caution.jpg

Enhancing the security of your computer doesn't mean just your desktop or laptop but all of your mobile devices too. Many computers and mobile devices have security software installed on them at the factory. But it's your job to make sure that it is activated and kept up to date. Keeping your personal information secure is an ongoing task. This article provides tips to help with that task.

Many examples of security products are mentioned in this article. You need to research these and similar products to decide which best fit your needs.

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Phishing and Pharming for Your Personal and Financial Information

phishing.jpg

What is phishing (pronounced fishing)? These are scams that are trying to steal your personal and financial information. Phishing has primarily been online in the form of email or pop-up messages but can also occur over the phone or through the mail. Phishers are even using text messages.

Phishers impersonate legitimate financial institutions—banks, credit unions—and businesses. The phishers cast a wide net that's bound to find persons that do business with the impersonated financial institution or company.

Email and pop-up messages may have a link to click or a phone number to call; text messages have included a toll-free phone number to call. In the case of a link, it usually goes to a fake website that mimics a legitimate site.

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Other Scams to Watch Out For

spam.jpgBesides phishing, various other scams also arrive in your inbox. Here are brief descriptions of some of the most common.

The "Nigerian" Scam also called "Advance Fee" Scam

The email is requesting help to get large sums of money out of a foreign country. They promise you big profits in exchange for your help. Before you receive any money, you'll have to provide money to cover transaction and transfer costs and attorney fees plus you'll need to provide them with your bank account numbers. The "Nigerian" Email Scam from the FTC has more information.

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Five Steps to Protect Your Privacy and Identity

optout.jpg

These five steps allow you to opt out of certain information sharing. These steps usually take an hour or less to complete. The reduction in marketing will be significant.

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Make a Complaint

survey.jpgIn addition to reporting fraud or identity theft to your state attorney general’s office you can file a complaint with the appropriate federal agency.

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Information Specifically for Seniors

seniors_computer.jpg

Seniors are a favorite target of scam artists and others who want to make a quick buck. For example, seniors are at risk of losing money in fraudulent investment schemes and are also at risk of losing their homes when they are used as security, in some instances unknowingly. These 2 articles from the Federal Trade Commission (FTC) describe some of the pitfalls.

The U.S. Securities and Exchange Commission (SEC) has assembled some resources to help seniors avoid fraudulent investments.

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Facebook & MySpace…Wicked!

Social Networking

Social networking sites are great places to keep in contact with friends, develop relationships and meet new people in interesting places.

Heading to a new city? How easy is it to find a new “friend” in that city on Facebook? This summer, a young person that works with "IsThatSo?" stayed with “Facebook Friends” in four separate countries. Not bad, and good on the budget, too.

 

But there’s a huge downside to these sites, also. Posting comments or pictures without thinking can get you in big trouble. Just posting something as innocent as your phone number or e-mail address can get you in trouble.

How?

First, adults and schools and businesses head to these sites as much as we do. They’re looking for unguarded comments. “Hey, I wasn’t really sick yesterday; I just faked that excuse,” can get you in trouble at school or fired at work.

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Subcategories

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  • Drew's News
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    • Financial Well-being


      Want to improve your credit score? Want to cut your tax bills?  Like to tear up hundred dollar bills? (You're probably doing that). How about this:  want to wake up retired and without money?  Your Financial Well-being rules your life.  We put you in charge of the rules.

       

      Article Count:
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    • Privacy Rights

      Every worry about identity theft?  Worry about young people and the dangers of the web? Mind if I read your private emails?  Or browse through your medical records? This section takes you into the scary world of privacy, fraud and identity theft.  FoolProof gives you the information you need when it comes to identity theft and privacy issues.   

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