10/08/2025
Our recent session on “Avoiding Financial Fraud” contained a number of specific recommendations, including:
1. Choose strong passwords that are unique to each website. Use 2-step verification for financial websites.
2. Some scammers will know your social security number and your mother’s maiden name. Ask your bank to include enhanced security like a verbal password on your accounts.
3. Limit the number of credit cards and lower card limits to what you actually need.
4. Due to data breaches, most of our key information is on the dark web, consider placing a free fraud alert at the three credit bureaus. You can temporarily remove the credit freeze if you are applying for a new loan.
5. Many of us receive “free offers” from Walgreens, Costco, Amazon and other reputable firms. There are significant risks even opening these emails. It’s best to delete them outright.
6. If you use your smartphone for financial transactions and lose it, a scammer can have a field day. It is much safer to do financial transactions at home via a computer and secure WIFI
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