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Financial Safety

Scams, fraud prevention, AI in financial planning and retirement

Showing articles 133–144 of 220

  1. Financial Safety

    AI is cursing renters with the promise of impossible homes

    Landlords and rental websites are using AI-generated fake photos to make run-down apartments look beautiful and spacious, convincing renters like Joyce to rush to viewings only to find cramped, shabby places that don't match the pictures. For older adults on fixed incomes or those relocating for the first time, this deception wastes your time, energy, and hope—especially when you're already dealing with tight housing markets and limited options. Worth knowing: always ask to visit in person before committing, request recent photos taken by the landlord themselves, and be suspicious of apartments that look too perfect compared to the neighborhood and price.

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  2. Financial Safety

    Polymarket has reportedly been paying creators to post fake betting videos

    # Polymarket's Misleading Marketing Problem A popular betting platform called Polymarket has been paying people to create videos that look like genuine customer testimonials, when they're actually paid advertisements promoting the site. The Wall Street Journal found over 1,100 of these videos and discovered detailed instructions telling creators exactly what to say and how to present themselves as regular users. Worth knowing: if you or your grandchildren see videos on social media from people claiming to have made easy money from betting apps, they're often paid promotions rather than honest personal experiences.

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  3. Financial Safety

    Texas government data breach allowed hackers to steal 3 million driver’s licenses and passports

    Hackers managed to steal personal information from millions of Texans, including driver's license and passport details, because of a security gap in a government system. If you live in Texas or have family there, your identity could be at risk for fraud or misuse, so it's worth checking whether your information was involved. Worth knowing: watch your credit reports and bank statements closely over the coming months, and consider placing a free fraud alert with one of the three credit bureaus (Equifax, Experian, or TransUnion).

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  4. Financial Safety

    ‘I should know better’: tech expert lost £70,000 in one simple phone call

    A well-known technology expert lost £70,000 to a scammer who called pretending to be from his bank, asking him to confirm suspicious activity and then reset his security details. Even people who understand technology well can fall for these convincing calls because the scammer sounded authentic and created a sense of urgency around protecting his account. Worth knowing: be extremely cautious about any unexpected calls asking you to verify personal details or reset passwords—legitimate banks will never ask for this information over the phone, and it's safer to hang up and call your bank directly using the number on your bank card.

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  5. Financial Safety

    Chinese cybercrime operation that used AI to scam ‘hundreds of thousands of victims’ sued by Google

    A Chinese crime group called "Outsider Enterprise" used artificial intelligence to send 2.5 million scam text messages to hundreds of thousands of people, and Google is now suing them to stop it. These AI-powered scams likely targeted people's wallets by impersonating banks or trusted companies, making the messages sound convincing and personalized. Worth knowing: if you receive unexpected texts claiming there's a problem with your bank account or asking you to click a link, it's almost certainly a scam—don't click, and contact your bank directly using the number on your card instead.

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  6. Financial Safety

    The SpaceX IPO broke Robinhood for some people

    SpaceX's initial public offering (IPO) caused so many people to rush onto the Robinhood trading app at once that the system crashed for some users, preventing them from buying shares. For investors hoping to get in on a high-profile company launch, missing out because of technical problems is frustrating—especially when you've been waiting for the opportunity. Worth knowing: if you're interested in trading through any app, check whether the company has a history of outages during busy trading days, and consider having a backup plan like calling a traditional broker instead.

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  7. Financial Safety

    Google sues Chinese cybercrime network that used Gemini to automate scams

    A Chinese criminal group called Outsider Enterprise has been using Google's AI tools to create fake websites and text messages designed to trick people into giving up passwords and personal information—Google estimates they've sent millions of these fraudulent messages to Android users. This matters because scammers are getting better at their craft by using AI to automate their schemes, making it harder for anyone to spot a fake email or text claiming to be from Google, YouTube, or government agencies like E-ZPass. Worth knowing: if you receive unexpected messages asking you to "verify" your account or click a link, treat them as suspicious even if they look official—go directly to the real website by typing the address yourself rather than clicking any links in messages.

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  8. Financial Safety

    How AI is making health care even less affordable

    AI tools are helping doctors' offices bill for medical care more thoroughly and completely, which means insurance companies are paying more—and your premiums are likely going up as a result. Healthcare costs are expected to jump 8-9% next year, and much of that increase comes from these new billing technologies rather than from you actually receiving more medical services. Worth knowing: when you get a medical bill, ask your provider's office to explain what changed or what new services were documented, since AI may be capturing details that previously went unbilled.

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  9. Financial Safety

    Google sues Chinese scammers using Gemini AI for fraud

    Google has taken legal action against a Chinese cybercriminal group that was using Google's own Gemini AI tool to run large-scale scams and fraud schemes. Scammers are increasingly turning to AI to automate their deceptive work—writing convincing fake messages, creating fraudulent websites, and impersonating legitimate businesses at scale—which makes them harder for people to spot. Worth knowing: if you receive unsolicited messages or emails that seem unusually personalized or professional-looking, take extra care to verify the sender independently before clicking links or sharing personal information.

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  10. Financial Safety

    South Korea hits Coupang with $400M+ fine for data breach that affected millions

    South Korea's government fined the shopping company Coupang over $400 million because hackers stole personal information from more than 30 million of its customers. If you shop online or use delivery services, this shows how important it is to know which companies are protecting your data properly, and what happens when they don't. Worth knowing: check your email and bank statements for any suspicious activity, and consider changing your password if you've ever used Coupang or similar services.

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  11. Financial Safety

    Valve will stop producing physical Steam gift cards because of scammers

    Valve, the company behind the popular Steam video game platform, is stopping production of physical gift cards because scammers have been stealing them from store shelves and using the codes online. For many people, physical gift cards were a convenient way to give gaming credit to family members without needing a credit card, so this change removes a simple gifting option. Worth knowing: if you want to give someone Steam credit in the future, you'll need to buy digital gift cards online instead, which go directly to their email account.

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  12. Financial Safety

    Valve kills its retail gift card program due to scammers

    Valve, the company behind the popular Steam gaming platform, is stopping the production of physical gift cards you can buy in stores because criminals have been using them to scam people and hide stolen money. Scammers trick people into buying these cards and sharing the PIN numbers, then resell the card codes online to launder money in ways that are nearly impossible to trace. Worth knowing: if you've already purchased a Steam gift card from a store shelf, it's still safe to use—just never share the PIN with anyone who contacts you asking for it, even if they claim to be from Steam or another company.

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