Recently, Equifax, one of the three national consumer credit reporting agencies, announced a major data breach. This breach affects approximately 143 million Americans. This is what we know according to Equifax: the data breach occurred May – July 2017, and the information stolen includes consumers’ personally identifiable information, including names, Social Security numbers, dates of birth, addresses and, in some cases, driver’s license numbers.
Information provided via the Federal Trade Commission. Source: https://www.consumer.ftc.gov/blog/2017/09/equifax-isnt-calling
September 14, 2017
by Lisa Weintraub Schifferle Attorney, FTC, Division of Consumer and Business Education
Preying on Trust
Older people are targeted by fraudsters in all sorts of ways. Here, we’ve highlighted the 10 most prevalent. (An excerpt of the artilce, as shared in the April 2017 edition of Independent Banker magazine.)
1. Medicare/health insurance scams: In a 2016 report, The Medicare Fraud Strike Force had 2,185 indictments against Medicare fraudsters, who falsely assume the identity of a provider or Medicare representative and demand payment for services.