What GDPR means for a business and a consumer

You have probably noticed a bunch of emails in your inbox from several social media companies that say they’re updating their privacy policy. But what is it all about? This change stems from the European Union’s new law that protects data privacy. What is GDPR? The General Data Protection Regulation is a law that gives European Union…

Avoiding digital wallet scams

More and more consumers are using digital wallet apps like Venmo, Cash and Zelle to transfer money quickly and easily. But while the convenience factor is what draws many people to use the apps, scammers see it as an opportunity to seize your banking and credit information. Scammers have been targeting digital wallets and executing…

FTC sues get-rich opportunity company

The Federal Trade Commission (FTC) has filed a lawsuit against a company that claimed clients could make thousands of dollars in sales on Amazon.com if their use their system. In the lawsuit against the company, the FTC says Amazing Wealth Systems has nothing to do with Amazon and made money by enrolling people in their…

New efforts to protect seniors from financial abuse

It’s estimated older Americans lose up to $30 billion a year to elder financial abuse at the hands of con artists and thieves. Historically, these crimes go unreported, but that could soon change. The government and financial services industry are taking steps to encourage those who are able to spot elder financial abuse, including brokers,…

Does Do Not Call Lists Expire? FTC says no

According to the Federal Trade Commission, a scammer pretending to be from their agency is sending out fake emails telling people that their Do Not Call registration is expiring. The emails use the FTC’s logo and send people to a phony Do Not Call website to register their numbers again. However, it’s all a scam. Do Not…

Decrypting Cryptocurrencies

The use of cryptocurrencies to make transactions online has grown in popularity over the past few years, but only one has begun to dominate the market – bitcoin. According to Bitcoin.com, there are currently 16.67 million Bitcoins in supply with 12,000 online transactions made per hour. Several businesses in major Texas cities like San Antonio and…

Survey finds ATM crime surged in 2017

The ATM Industry Association recently published the results of its 2017 Global Fraud and Security Survey. More than half of respondents (54 percent) reported an increase in ATM related crime, a 12 percent increase from the previous year’s survey. The survey looked at trends in ATM card skimming, PIN compromise, and other network and remote…

FTC mailing thousands of checks to victims of telemarketing scheme

  The Federal Trade Commission announced Tuesday its mailing 7,583 checks totaling more than $2.2 million to people who lost money to a telemarketing scheme offering business coaching services. According to FTC’s complaint, Professional Learning Institute, who operated by several names, falsely promised consumers they would earn substantial income from home-based Internet businesses if they used their…

IRS announces important tax season filing dates

Last week the Internal Revenue Service (IRS) announced that the 2018 tax filing season will begin on Monday, January 29. While the IRS will begin accepting tax returns on that date, many software companies and tax professionals will begin accepting tax returns before Jan. 29 and will then submit the returns when IRS systems open….

Last minute shopping for airfare deals

If you’re planning on flying this Thanksgiving or Christmas and haven’t bought your ticket, now is time to start looking for available flights. However, finding the best deal available can be tricky.