Financial Tips for 2023 Grads

Financial Tips for 2023 Grads

It’s that exciting time of year! Cap and gowns are coming in and Pomp and Circumstance is running through your head as you prepare for the big event. If you’re a parent of a soon-to-be high school graduate, dollar signs may be running through your head as well, along with advice … and lots of it!

If you’re a grad, get ready to hear life experience stories from your graduation speaker and many others. The Federal Trade Commission (FTC) has some advice for you as well. Learn how to recognize financial scams. Younger people report losing money to fraud more often than older generations. According to Colleen Tressler, Consumer Education Specialist, FTC, 43% of those who reported fraud were in their 20s, while only 15% were in their 70s.

What can you do to help avoid financial fraud?

Never give out money or any personal identifying information (PII) in response to an unexpected request. Be wary of texts, phone calls and emails. Scammers commonly pretend to be someone you trust.

Do your research. Be smart with your online searches and use terms like “complaint,” “scam” or “alert” along with the company name when you search.

Understand that there’s no such thing as truthful caller ID anymore.

Don’t wire money. Government and legitimate companies will not require you to pay for products or services with a re-loadable gift card. Even using cards like iTunes and Google Play are risky.

Recognize that robocalls are illegal and should be reported to the FTC. If you mistakenly answer one of these calls, hang up immediately.

Looking for a job after graduation can be quite stressful especially if you’re supporting yourself for the first time.

Check out job placement firms closely. These companies should not be charging high fees in advance for any type of service without a guarantee of placement.

Keep in mind that the promise of a job isn’t the same thing as job. If you have to pay for that promise, it’s likely a scam. Read More

Realize that there are many fake jobs listed on social media. Google the company name and visit their website along with the search term “career.” If jobs are not listed on their website and nothing comes up on Google, those are red flags.

Don’t give out any credit or bank account information over the phone to a company unless they have hired you and have agreed to pay you something.

Get job details in writing and take time to go over the small print. A legitimate company won’t pressure you into making an on-the-spot decision regarding your career.

CNN recently reported some smart money moves for graduates, such as aiming to live within your means and knowing what your means actually are. Check out their tips HERE.

Congratulations and make sure you enjoy your special day. We wish you the best of luck in your future endeavors!

For more information, visit https://www.consumer.ftc.gov.

Photo courtesy Jonathon Daniels via unsplash.com.

The Steps We Take to Protect Your Identity

The Steps We Take to Protect Your Identity

Identity theft is inevitable. If it hasn’t already, it will victimize you, a family member, or an employee’s life in the near future. ‘Data Harvesting’ has become a major threat to identity protection. Browsing history, online shopping, and messaging data is being used against you.

 

The statistics are overwhelming. Cyber attacks, malware, and phishing scams have increased over 1000% since Covid-19 began. There are 3.5M Google searches every minute and 4.4B Facebook messages each day … all of that information is collected, stored, and sold. Essentially, your data is being stolen then sold back to you.

 

As a leader in the identity protection space, we are advocating for laws to protect the American consumer from Data Harvesting. Additionally, of the 8.5 billion IP addresses worldwide, 3.5 billion of them are malware. It is our hope that stronger IT security efforts are implemented in America (and worldwide) to block the thieves from stealing your information.

 

Protecting identity includes five main steps:

 

1. Implementing proactive safeguards with Guard Well fraud specialists.

2. Protecting personal identifying information (PII), such as social security number, date of birth, driver’s license ID number, financial institution account numbers, passport number, IP addresses, passwords, etc. Remember that even the smallest amount of stolen PII can be used against you.

3. Browsing in incognito or private mode, deleting unused email accounts, using two-factor authentication whenever possible, changing your passwords every 60 days, and removing your information from ‘people finder’ sites.

4. Monitoring credit and identity to quickly detect theft/fraud when it occurs.

5. Resolving all theft/fraud issues completely and continuously monitoring for recurrence.

 

Finally … we always strongly recommend that you DO NOT CLICK on any online link that you are not 100% certain is safe, secure and legit.

 

For more information on how to protect your employees by providing this must-have voluntary benefit, please click on the flyer: GW_Flyer_070821_OnePageMktgPiece

 

Our team at Guard Well Identity Theft Solutions is available 24/7/365. Contact us at 888.966.GUARD (4827) or email [email protected] if you suspect fraud or have any concerns.

Working from Home Cybersecurity Tips

Working from Home Cybersecurity Tips

Coronavirus has forced millions of Americans to work remotely from their homes. Although working from home helps with social (physical) distancing by preventing the spread of COVID-19, there are many new challenges that have come with teleworking. For example, many states have closed schools for weeks, and for some, the entire rest of the school year. Parents may be juggling work while their children are learning remotely. You may find yourself becoming an expert with practicing mindfulness along with new software and conferencing programs, such as Zoom and GoToMeetings (or if you aren’t, your children blessedly are).

 

As we are being forced to slow down the pace of everyday life, we recognize that a lot of good can come out of this time. But, on the other side of the coin, there is the growing opportunity for cybercriminals to trick us into forking over passwords during this learning transitional period. Reuters reported last week that “some researchers have found hackers masquerading as the U.S. Centers for Disease Control and Prevention in a bid to break into emails or swindle users out of bitcoin, while others have spotted hackers using a malicious virus-themed app to hijack Android phones.” Our blogs last week provided some details on these new scams.

 

The Federal Trade Commission (FTC) has some tips to help protect your devices and personal information while working from home:

Start with cybersecurity basics. Keep your security software up-to-date. Use passwords on all your devices and apps. Make sure the passwords are long, strong and unique. The FTC suggests using at least 12 characters that are a mix of numbers, symbols and capital and lowercase letters.

Secure your home network by starting with your router. Turn on encryption (WPA2 or WPA3), which scrambles information sent over your network so outsiders can’t read it. If no WPA2 or WPA3 options are available with your current router, considering replacing your router altogether.

Keep an eye on your laptop and make sure it is password-protected, locked when you aren’t using it and secure. We suggest that it is never unattended, such as out in plain sight in a vehicle. Even if your doors are locked, windows can easily be broken.

Securely store your physical files. Strong physical security is an important part of cybersecurity. If you don’t have a file cabinet at home that is lockable, consider using a locked room. Read this blog by the FTC to learn more tips about physical security.

Dispose of sensitive data securely. Invest in a shredder if you don’t already have one. Throwing paperwork you no longer need in the garbage or recycling bin can be a treasure for a pirate especially if it includes personal information about customers, vendors or employees.

Follow your employer’s security practices. Since your home is now an extension of your office, make sure that you understand the protocols that your employer has implemented.

 

Be smart. Be vigilant. Be strong. Please don’t hesitate to reach out if you need help. We are available 24/7/365 for you and your family members at 888,966.GUARD (4827) and [email protected].

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