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Financial Safety

Scams, fraud prevention, AI in financial planning and retirement

Showing articles 109–120 of 220

  1. Financial Safety

    T-Mobile bungled forced plan migration, canceling some users' free lines

    T-Mobile accidentally removed free phone lines from some customers' accounts when forcing them to switch to new pricing plans, which could dramatically increase their monthly bills. If you've been a T-Mobile customer for years and relied on those free lines to keep costs down, losing them unexpectedly could mean paying significantly more—on top of the price increases already happening with the plan changes. Worth knowing: if you use T-Mobile, check your bill carefully over the next few weeks and contact customer service right away if you spot missing free lines, since companies sometimes move slowly on fixing admitted mistakes.

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  2. Financial Safety

    A ransomware negotiator who colluded with attackers to scam victims was sentenced to 70 months in prison

    A man named Angelo Martino who was supposed to help ransomware victims recover their files instead secretly worked with the criminals to steal even more money from them, netting over $75 million in fraudulent payments. This matters because it shows that even people hired specifically to protect you from cyber criminals can sometimes be part of the scheme, which is why you need to be extra careful about who you trust when dealing with computer attacks. Worth knowing: if your business ever falls victim to ransomware, contact your insurance company or a reputable cybersecurity firm directly rather than accepting referrals from someone who approaches you after an attack.

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  3. Financial Safety

    ‘A very good clone’: news stories faked to lure victims to scam investment sites

    Scammers are creating fake news articles that look like they came from real newspapers like the Guardian, complete with made-up stories about celebrities and profitable investment opportunities, which they then share on social media to trick people into clicking through. These fake articles are designed to lure you to fraudulent investment websites where criminals steal your money, making the scams feel more trustworthy by borrowing the reputation of legitimate news outlets. Worth knowing: if you see a sensational investment story on social media—especially one claiming a famous person made a fortune on a secret platform—pause before clicking, and instead go directly to the official newspaper's website to check if the story is real.

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  4. Financial Safety

    Phoebe Gates' AI shopping app Phia reportedly claimed unearned affiliate sales through fake clicks

    # Phoebe Gates' Shopping App Under Fire Phoebe Gates' AI shopping app Phia has been accused of generating fake click-throughs to claim commissions it didn't legitimately earn from retailers. This matters because it reveals how even well-funded tech startups founded by prominent people can engage in deceptive practices that undermine trust in the apps we use daily. Worth knowing: if you use shopping apps, check whether they're recommending products based on genuine value or hidden financial incentives—and consider sticking with retailers you know directly rather than relying on unfamiliar middleman apps.

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  5. Financial Safety

    Phia accused of ‘cookie stuffing,’ taking affiliate credit on purchases it didn’t earn

    Phia, a shopping app backed by Bill Gates' daughter, has been caught taking credit for sales it didn't actually help create—a trick called "cookie stuffing" that artificially boosted the commissions it earned. For shoppers hoping to support an ethical company or earn genuine rewards, this kind of hidden practice undermines trust and means you might not be getting the honest deal you thought. Worth knowing: if you use cashback or rewards apps, look for transparency reports about how they actually track purchases—legitimate companies are usually open about their methods.

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  6. Financial Safety

    Ransomware negotiator hired to represent victims was working for the attackers

    A man hired to help ransomware victims negotiate lower payments was secretly working with the criminals instead, passing them insider information to demand even larger ransoms—one case involved victims paying over $75 million. This case shows how a trusted person on the inside can cause enormous financial harm, especially to businesses that thought they'd hired protection but got betrayal instead. Worth knowing: when dealing with any cyber crisis or negotiation, make sure you understand who's advising you and consider getting a second opinion from someone completely independent of the initial advisor.

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  7. Financial Safety

    Florida ransomware negotiator convicted for helping ransomware gang extort US companies

    A man in Florida who helped ransomware criminals collect payments from American businesses has been convicted and will go to jail for his role in the scheme. Ransomware gangs lock up companies' files and demand money to unlock them, and this negotiator made it easier for them to get paid by handling communications and pressuring victims to pay faster. Worth knowing: if your bank or business ever receives a message demanding payment to unlock files, hang up and call your bank or IT support directly on a number you find yourself—never use contact information from the suspicious message.

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  8. Financial Safety

    Big tech must deal with scam ads under Ofcom proposals

    More than half of UK adults have been tricked by fake or misleading advertisements online, and Ofcom (Britain's media regulator) is now pushing tech companies to take responsibility for cleaning up their platforms. When scammers run ads on social media or search engines, older adults are often targeted because they're seen as less suspicious, and these fake ads cost victims thousands of pounds. Worth knowing: if an ad seems too good to be true—whether it's promising miracle cures, easy money, or unrealistic discounts—it probably is, so pause before clicking and ask a trusted friend or family member first.

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  9. Financial Safety

    Another massive data breach exposed millions of driver’s license numbers

    Hackers have stolen millions of driver's license numbers from a major American insurance company, making this one of the biggest thefts of this type of personal information this year. Driver's license numbers are like keys to identity theft—criminals can use them to open credit accounts, apply for loans, or commit fraud in your name. Worth knowing: check your credit report regularly at annualcreditreport.com (it's free once a year), and consider placing a fraud alert with the credit bureaus if you think your information might be affected.

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  10. Financial Safety

    The FCC wants to make easier for ISPs to hide junk fees

    # ISP Junk Fees May Become Harder to Spot The Federal Communications Commission is weakening rules that currently require internet providers to be transparent about hidden charges and sneaky fees added to your bill. These extra costs—things like equipment rental fees, modem charges, or mysterious "service fees"—have been getting easier to see thanks to current regulations, but the FCC's new direction could take that visibility away. Worth knowing: before signing up with any internet provider, ask them directly for a complete written list of all fees, including installation and monthly surcharges, so you know the true total cost before you commit.

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  11. Financial Safety

    STAT+: ‘Secret shopper’ study probes GLP-1 telehealth sites

    Researchers posed as customers at online weight-loss clinics to see how these telehealth services operate—and found that many push expensive GLP-1 drugs (like Ozempic) with minimal medical oversight. For people over 50 considering these services, this matters because you deserve proper doctor supervision and realistic pricing before starting any medication, not just a quick online consultation. Worth knowing: if you're interested in weight-loss medication, ask your regular doctor first rather than going directly to an online clinic, so you can get personalized medical advice and understand all your options.

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  12. Financial Safety

    Savi’s app aims to protect consumers from realistic AI scams like kidnappers demanding ransom

    Savi has created an app that listens to phone calls and warns you when someone might be trying to scam you using AI voice technology—like a fake grandchild or kidnapper asking for money. These kinds of scams are becoming more convincing because AI can now copy someone's voice perfectly, making it hard to tell if you're really talking to a loved one in trouble. Worth knowing: the app launches this Tuesday for both iPhones and Android phones, so you could try it if you're worried about receiving one of these calls.

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