Skip to main content
SilverAI
← All topics

Financial Safety

Scams, fraud prevention, AI in financial planning and retirement

Showing articles 181–192 of 220

  1. Financial Safety

    Meta is running get-rich-quick ads for its AI tools

    Meta's AI division is promoting a scheme where people can supposedly make quick money by using AI to build websites for small businesses and then selling them—a classic get-rich-quick pitch that often doesn't work as advertised. This matters because scams and misleading promises about easy money online are increasingly targeting older adults, and when they come from big companies like Meta, they can seem more trustworthy than they should. Worth knowing: if you see ads promising effortless income through AI or any new technology, ask family members or friends to help you research whether it's legitimate before spending any money.

    Was this summary helpful?
  2. Financial Safety

    Former EFF Activism Director's New Book, Transaction Denied, Explores What Happens When Financial Companies Act like Censors

    Banks and payment companies like PayPal are increasingly freezing accounts and blocking transactions for people whose activities or backgrounds they find questionable—from a Persian poetry teacher to a Muslim politician—often with little explanation or chance to appeal. A new book called *Transaction Denied* argues this is a serious problem because when financial companies decide who can and cannot access money, they're essentially controlling what people are allowed to say and do. Worth knowing: if your bank or payment app ever blocks your account, ask for a detailed written explanation and whether there's a formal appeals process, since these companies aren't always transparent about their reasons.

    Was this summary helpful?
  3. Financial Safety

    Private health records of half a million Britons offered for sale on Chinese website

    Someone has been trying to sell private health information from half a million British volunteers on a Chinese shopping website, though the government says the data had names removed to protect identity. The UK government worked with Alibaba to take down these listings, and there's no evidence anyone actually bought the information. Worth knowing: Even when personal details are supposedly removed, medical records combined with other information can sometimes reveal who you are, so it's worth understanding that "anonymous" data isn't always completely private.

    Was this summary helpful?
  4. Financial Safety

    Some Interrail travellers told to cancel passports as hacked data posted online

    A company that sells train passes across Europe called Eurail was hacked in December, exposing the passport numbers, addresses, and personal details of over 300,000 travellers—and criminals have now started selling this information online. This puts you at serious risk of identity theft if you bought an Interrail pass, as thieves could use your passport number or home address to open accounts or commit fraud in your name. Worth knowing: check your email for any message from Eurail about the breach, and if you're affected, contact your passport office to see if you need to cancel your existing passport and request a new one.

    Was this summary helpful?
  5. Financial Safety

    Crypto scam lures ships into Strait of Hormuz, falsely promising safe passage

    Scammers are impersonating Iranian officials and tricking ship captains into sending cryptocurrency payments by promising safe passage through a dangerous shipping route, when no such payment is actually needed. This matters because ships carrying vital oil and gas supplies are already stressed and uncertain in this tense region, making them vulnerable to being duped out of money by convincing-sounding fake officials. You can protect yourself if you work in shipping by verifying any unusual payment requests through official government channels before sending any money, and by checking with your company's security team about the latest scam warnings.

    Was this summary helpful?
  6. Financial Safety

    France's national agency for managing IDs and passports suffered a data breach last week

    France's government agency that manages passports, ID cards, and driver's licenses was hacked, and a criminal claims to have stolen personal information on up to 19 million people, including names, addresses, birth dates, and email addresses. If you live in France or have French documents, criminals could use this stolen information to send you fake emails pretending to be from the government, trying to trick you into revealing more sensitive details. Worth knowing: be suspicious of any unexpected emails or messages claiming to be from French government agencies asking for personal information—legitimate agencies rarely contact people this way.

    Was this summary helpful?
  7. Financial Safety

    Supercharged scams

    Criminals are now using AI tools like ChatGPT to create convincing fake emails, videos, and hacking attacks much faster and cheaper than before, making it easier for them to target more people and steal money or personal information. For someone your age, this matters because scammers can now personalize their tricks to sound remarkably genuine, and they're casting wider nets than ever—so you're more likely to encounter a sophisticated-sounding fraud attempt in your email or through a message. Worth knowing: if an email asking for passwords, urgent money transfers, or personal details sounds unusually polished or personalized, pause and verify it directly with the organization by calling a number you find independently—don't use contact details from the suspicious message itself.

    Was this summary helpful?
  8. Financial Safety

    Meta has misled users about scam ads on Facebook and Instagram, lawsuit says

    A nonprofit group is suing Meta, claiming that Facebook and Instagram have allowed countless scam ads to flourish—including fake offers for free iPhones and government checks—even though Meta knew about the problem and chose to make money from them instead of stopping them. This matters because if you or your friends use these platforms, you could easily encounter ads designed to trick you into giving away money or personal information, and Meta apparently prioritized profits over your safety. Worth knowing: be skeptical of any ad promising something free or too good to be true on social media, and report suspicious ads directly to Facebook or Instagram rather than clicking on them.

    Was this summary helpful?
  9. Financial Safety

    Man with @ihackedthegovernment Instagram account tells judge, “I made a mistake"

    A young man in Tennessee hacked into important government websites—including the Supreme Court and Veterans Administration—and then bragged about it online with screenshots, which is what got him caught. He pleaded guilty and received just one year of probation instead of jail time, showing that even serious crimes can result in lighter sentences if you cooperate with authorities. You can remind yourself and family members that posting anything online—even to seem impressive—creates a permanent record that police and prosecutors can easily find.

    Was this summary helpful?
  10. Financial Safety

    Tinder and Zoom offer 'proof of humanity' eye-scans to combat AI

    Tinder and Zoom are adding iris-scanning technology so they can verify you're a real person and block fake accounts and scammers from using their platforms. For anyone using dating apps or video calls, this means fewer bots pretending to be real people and a safer experience overall. Worth knowing: if you use either app, you may soon be asked to quickly scan your eyes during sign-up or login — it's fast and no different from using your phone's face recognition.

    Was this summary helpful?
  11. Financial Safety

    Your tech support company runs scams. Stop—or disguise with more fraud?

    Scammers working at a tech support company were tricking Americans by showing fake warning pop-ups, claiming their computers had viruses, and charging hundreds of dollars for fake repairs—pretending to be from Apple or Microsoft. This matters because these scams specifically target people who aren't as familiar with technology and may be more trusting when they see official-looking warnings on their screen. Worth knowing: if you see a pop-up warning about a virus, close your browser immediately and never call any number shown in the pop-up—instead, contact Apple or Microsoft directly using a phone number you find yourself online.

    Was this summary helpful?
  12. Financial Safety

    The more things change – medical alert phone scams live on!

    Scammers are still calling older adults with fake medical alert service offers, using automated bots and offshore call centers that can't even pronounce the company names they're supposedly representing. The good news is that legitimate fall-detection options have improved dramatically—the Apple Watch and other modern smartwatches now offer reliable monitoring features that many older adults already own, making expensive traditional "life alert" services less necessary. You can protect yourself by screening unknown calls on your cellphone using the "silence unknown callers" feature, and if you do get one of these calls, simply hang up rather than engaging with the scammer.

    Was this summary helpful?