scams

Millennials are much more likely to be scammed out of money online or over the phone than retirees according to FTC figures. However, an elderly victim is likely to lose a much bigger sum. The figures come from analysis of Federal Trade Commission ... (FTC) data by Atlas VPN. They found that in almost every age group, more people have been scammed so far this year than in the same period last year, but the average loss is lower. That could simply be scammers making smaller demands because they know many people have less disposable cash this year. (Source: atlasvpn.com ) Elderly Targeted By Phone ... (view more)

Reported cyber crime has more than doubled in the last two years according to the FBI. Over 60s are the group with the biggest value losses. The figures come from the FBI's Internet Crime Complaint Center (IC3), a central resource for reporting ... cyber crime. The IC3 works with local and national agencies and businesses to coordinate work on cyber threats and identify particular patterns of risk. In 2019 it received 467,361 complaints with the reported losses topping $3.5 billion . That's up from $2.7 billion in 2018 and $1.4 billion in 2017. (Source: bbc.co.uk ) Part of the rise may be people ... (view more)

Facebook is testing new tools to stop people being fooled by bogus messages. Meanwhile it's subsidiary "Whatsapp" is working on ways to stop hoaxes and other false information. The Facebook trial is for a series of tools relating to the direct ... messaging elements of the service, which includes messages through the website itself and via the dedicated "Messenger" app for mobile devices. The tools are aimed at messages which come from people or organizations the user hasn't previously communicated with, which carry a higher risk of being bogus than from genuine contacts. The ... (view more)

Microsoft says the number of telephone scams involving fake Windows support technicians is on the rise. That means more criminals are executing schemes designed to dupe legitimate Windows users out of their hard-earned money. Most of the scams ... involve cold callers claiming to work for Microsoft. In this scenario, the victim is told that their computer is infected with some kind of damaging malware. Based on this author's experience, oftentimes the calls originate overseas - usually from India, with the caller having a thick accent. Scammers Sell One-time or Subscription-based "Solutions ... (view more)