12 top scams affecting your pocketbook

12 top scams affecting your pocketbook

December 18, 2020 flnyealrfrnf 0

first_img 27SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr It seems like there’s always a new scam making the rounds, and even those who are savvy can fall for them. Here are 12 of the latest scams that you should watch out for — including phone scams, online scams, investment scams and others — and how you can protect yourself.1. Identity Theft ScamHui-chin Chen, a financial planner at Pavlov Financial Planning in Arlington, Va., told a harrowing tale of a colleague’s client who had his email account hacked. The hacker contacted the financial planner and requested an emergency withdrawal into a new bank account. Fortunately, since it was a new bank account, the advisor called the client and found out that he never made the request. The advisory firm’s internal controls stopped the advisor from transferring the funds to the thief.To protect yourself from this type of identity theft, always make sure you have a secondary verification when a financial advisor or second party has access to your money. continue reading »last_img

 

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