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Financial Safety

Scams, fraud prevention, AI in financial planning and retirement

Showing articles 73–84 of 220

  1. Financial Safety

    Crypto hardware wallet owners face fresh security risks after recent spate of personal data thefts

    Thieves have stolen personal information from shipping companies that send out hardware wallets—the small devices people use to store cryptocurrency safely—which means criminals now know where these valuable devices are being delivered. For cryptocurrency owners, this creates a real danger of break-ins or theft at home, since bad actors know exactly who has these wallets and where they live. Worth knowing: if you own a hardware wallet, consider having it delivered to a workplace or trusted friend's address rather than your home, and watch for any suspicious activity around delivery times.

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  2. Financial Safety

    Deepfake Anthony Albanese used in celebrity scams duping Australians out of $7.4m, Asic warns

    Scammers are creating fake videos of Prime Minister Anthony Albanese and other celebrities to trick Australians into sending money to fake investment schemes, with victims losing $7.4 million so far. These deepfakes look convincing enough that people believe they're watching real people endorsing get-rich-quick opportunities that don't actually exist. Worth knowing: if you see a celebrity or politician promoting an investment online, especially one claiming unusually high returns, it's safer to contact that person directly through official channels or ignore the message entirely.

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  3. Financial Safety

    ‘We detected unusual activity’: the scam that uses AI to exploit your holiday photos

    Scammers are now using your holiday photos from social media to create fake security alerts, claiming suspicious activity happened in places you've actually visited, so you'll panic and hand over your bank details. This works because the criminals know exactly where you were and when, making their fake warnings feel genuine and urgent—which is precisely what they're counting on. Worth knowing: before sharing travel photos online, consider waiting until you're home, or avoid posting pictures with recognizable landmarks that show your exact location.

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  4. Financial Safety

    A Queensland man enjoyed soaring profits from a crypto trading app. Then his money started disappearing

    A man in Queensland saw impressive profits appear in a cryptocurrency trading app after he downloaded it, so he kept putting more money in—but it turned out to be a scam designed to steal his savings. Criminals are now using technology that makes it easier than ever to create convincing fake investment apps that look professional and real, which is why people over 50 are particularly vulnerable since they may be less familiar with these tricks. Worth knowing: if an investment opportunity promises quick, easy profits and asks you to download an unfamiliar app, pause and check with your bank or a trusted financial advisor before handing over any money.

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  5. Financial Safety

    An AI agent spent your money – can anyone prove you authorized it?

    When you ask an AI agent to find something but not buy it, and the agent buys it anyway, no one can easily prove whether you actually authorized the purchase—because different companies (the AI provider, the store, and the payment service) each only see their own piece of the puzzle. This matters because as AI agents handle more of our shopping, banking, and personal tasks, a disputed $30 shirt today could become a $3,000 problem tomorrow with no clear way to settle who's responsible. Worth knowing: Congress is working on rules that would require AI agents to keep detailed records of what they do, so ask your bank or payment service now what protections they offer if an AI acting on your behalf makes an unauthorized transaction.

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  6. Financial Safety

    AI chatbots are offering financial advice. Should you trust them?

    AI chatbots like ChatGPT can handle straightforward money questions—such as explaining how compound interest works or comparing savings account types—but they sometimes give shaky advice when your situation is complicated or unusual. For someone managing retirement, inheritances, or health-related expenses, relying solely on a chatbot could lead you to miss important tax breaks or make decisions that don't fit your life. Worth knowing: use AI chatbots as a starting point to learn basics, but always run important financial decisions past a real human advisor who knows your full situation.

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  7. Financial Safety

    Health IT Vendor’s Data Breach Exposes Nearly 4M Patient Records

    A company that handles billing and payment records for hospitals has been hacked, putting nearly 4 million patients' personal health information at risk. If you've had medical treatment recently, your name, address, insurance details, or medical history could be among the stolen data. Worth knowing: check your credit reports and any mail from your healthcare provider over the next few months, as criminals often try to use stolen medical information for identity theft or fraudulent insurance claims.

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  8. Financial Safety

    Chrome adopts what may be the best protection yet against account takeovers

    Google has added a new shield to Chrome called device-bound session credentials, which stores a special security key deep inside your computer's hardware—a bit like keeping your house key in a vault built into your front door rather than carrying it in your pocket. Hackers have grown more skilled at stealing the invisible "session cookies" that websites use to keep you logged in, so this built-in protection makes it much harder for them to hijack your accounts even if they manage to intercept those cookies. Worth knowing: this feature is rolling out now in the latest versions of Chrome on Windows and Mac computers, so your browser may already have this protection—you don't need to do anything special to get it.

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  9. Financial Safety

    New surveillance tech links your phone to your license plate

    Police and security companies are now using technology that tracks your phone's wireless signals alongside license plate readers, building a hidden map of where you travel and who you travel with. For anyone concerned about privacy, this matters because authorities could potentially identify you or track your movements without a warrant, simply by following the electronic "fingerprint" your phone naturally broadcasts. Worth knowing: if you're worried about this type of tracking, keeping your phone's location and Bluetooth settings turned off when you're not actively using them limits what signals your device sends out into the world.

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  10. Financial Safety

    Why "chipflation" is here to stay

    Computer memory chip prices have shot up dramatically this year—more than six times higher than a year ago—because artificial intelligence companies are buying up vast supplies to power their new services. This "chipflation" is making your smartphones, laptops, and cloud storage more expensive, and it's a complete reversal of what we've seen for decades, when computer costs kept dropping. Worth knowing: if you're planning to buy a new device, prices may stay high for a while since big tech companies have locked in chip supplies years in advance, leaving less available for everyday electronics makers.

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  11. Financial Safety

    Cyberattacks expose deeper vulnerabilities in U.S. water systems

    Recent cyberattacks linked to Iran have revealed that America's drinking water systems are vulnerable because they're old, fragmented across thousands of separate utilities, and many lack the money and staff to defend against hackers. For people your age, this matters because safe drinking water is essential, and if hackers disrupted a water system, it could affect everything from your tap water to hospitals and emergency services in your area. Worth knowing: you can check your local water utility's website or call them to ask what steps they're taking to protect against cyberattacks—smaller systems especially may appreciate when residents show they care about this issue.

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  12. Financial Safety

    Google says hackers are calling financial firm employees to hack and extort victims

    Hackers are now calling employees at big banks and financial companies, tricking them into giving access to customer information, which the criminals then use for extortion and theft. This matters because your personal financial data—accounts, investments, retirement savings—could be at risk if these breaches succeed at major institutions you trust. Worth knowing: if you get an unexpected call claiming to be from your bank asking you to verify passwords or account details, hang up and call your bank directly using the number on your statement or card.

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