September 10, 2025 • 24 mins
Show Notes for This Episode: https://nancycogar.com/boomer-scams
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Well, we got a problem, folks. Scams are just continuing to
rise. We are talking billions of
dollars in losses every year. And I thought this was important
to talk about some of the recentheadlines involving scams,
including some things right herein my hometown because they are
(00:21):
expensive, they are all over theplace, and they target older
adults. So let's look at the headlines,
OK? I had one even this last week
here in Chattanooga where a man fell for what was a romance
(00:44):
scam, plain and simple. I know you're probably thinking,
how could somebody fall for that, right?
Well, this man went on an onlinedating service and met someone.
They talked for months. So these scammers are patient.
(01:04):
He was convinced this was a woman in Florida kind of in the
same season of life and that if he moved to Florida they'd buy a
home together and have a new life.
That sounds pretty good, doesn'tit?
Well, he sold his house. He quit his long time job.
(01:26):
He headed for Chattanooga Airport where he thought there
would be a ticket, but apparently there was not because
the scammer did not provide a ticket.
Instead she used an excuse saying if something got mixed
up. So he was still set on going
until he realized it was a scam.Can you imagine?
Can you imagine? I, you know, I feel bad for this
(01:48):
guy and I hope he gets his job back, you know, But part of my
analysis here would be if it sounds too good to be true, it
is, folks, it is. You have to check out
everything, Everything. Don't assume because it looks
(02:08):
like a duck and quacks like a duck that it's a duck, right?
This means even with these corporations, I get things from
banks. Looks like the bank it isn't.
So we are going to have to be sovigilant.
He's going to have to kick it upa few notches.
You know, this one, the guy losthis house.
(02:30):
He doesn't have a house anymore.He sold it.
He wasn't going to bring that toFlorida, right?
And then he lost his job. This is the kind of stuff that
just really angers me, and that's why I want to talk about
it. Hey, something else I wanted to
tell you about and let me just move over to this story from
(02:52):
Forbes magazine. Wanted to let you know that even
if you think your parents are not AI people, right?
AI is all the rage. They're going to have to become
more familiar with it because those AISAI users are coming
(03:13):
after your parents. They are using that as a tool to
scam people out of lots of money.
And at a time when, of course I'm trying to protect your
assets and help you plan with your assets, the last thing I
want is for you to get scammed and lose everything you've
(03:34):
worked so hard for. OK, let's be real.
So AI, you got to start talking about it.
It's not something out there that you don't have to worry
about. Well, this article from Forbes
here says the same headline thatI just said, you know, AI scams
are coming for your parents. Here's how to fight back.
(03:57):
So the article talked about a pop up that looked official
enough to fool anyone. I just talked about this, right?
It was Blue Shield. It was a Microsoft font.
It was a blinking security alertand said urgent prevent
shutdown. Click here.
Well, on the other side of the line, you know, that gets the
(04:20):
call from the person who's concerned that there may be a
virus. If you don't cooperate, we are
going to delete and disable yourcomputer permanently.
I even get those all the time. We're going to delete your
storage if you don't take care of this immediately.
It's all over the place folks. And so this 79 year old mother
(04:47):
was really concerned. Of course, she didn't want to
lose everything, but she was kind and trusting and by
yourself. So the scammer pressed for
remote access to her computer tounlock all those accounts.
What a nice guy. And that's when her son became
(05:08):
the hero. He had already gone to the bank
or online for the bank and installed account alerts,
restricted daily transfer limits, remote access, all of
that multi factor authentication, all of that
(05:29):
helped in this circumstance and the thief didn't get a dime.
So lesson learned, right? My analysis for this is I know
it's a real pain to have your cell phone pop up a number and
then you got to pop up another number.
You got to do this, got to do that.
Make sure that you can even get access to your own account.
(05:50):
But there's a reason. There's a reason.
And if you set those things up, they will work when you need
them. I really like the the daily
transfer limit because if anybody does anything, you could
set it at 100, you could set it at 500, you could set it at
1000. If anything like that comes out
(06:13):
of your account, you're going tofind out about it right away.
So this is a perfect way to keeptabs on some of the things that
you may have to be wary of for yourself and for your parents.
I wanted to share another one with you, and it's about
(06:37):
quishing. Quishing.
What is quishing? We know about fishing, and now
we need to be alert to quishing.Well, quishing is Simply put
bogus QR codes that are being sent to people and scan them.
They get your information and tada they scam you.
(07:02):
What do you think about that? I know it doesn't sound like
something that that we would do,but actually, you know, this
article says 73%, 73%, that's almost three out of four adults
admit to scanning QR codes without checking whether it's
(07:23):
legitimate. I think, I think we think
something because it's in our phone that it's not as dangerous
to get, you know, access to our personal information.
Well, that's ridiculous because you know, we look at all of our
things through our phone and these guys are texting you.
They may send you AQR code and ta da.
(07:43):
So let's let's get tougher with this stuff.
All right, I can't stand it whenthese people are just you know,
they're they got a great business plan and they're
scamming people left and right. Well, here's one from the motley
fuel, a fool rather AI. Again, they are using certain
(08:09):
tools, these cyber criminals, totake money away from you and me
and everybody else out there. I know we don't want to be
worried about all these things, but you need to be vigilant, OK?
They've got voice cloning. It can sound like your grandson,
(08:29):
but it's not. And they can send an e-mail or
phone call rather. And grandson can sound very
concerned. Maybe he had a car accident,
maybe he got arrested. He needs money right then.
Right now. It's a scam, folks.
(08:49):
It's a scam. These people are dastardly,
dastardly, and I want to make itharder for them to be
successful. Are you with me?
Well, I've got some more to share that I think will be
helpful after this. Welcome back.
(09:17):
You know, Boomer time is all about being better prepared.
I also wanted to be better awareso you do not get scammed and
done several programs on scams. And I'll continue to address it
because it is just that pervasive and it is just that
costly for folks. It's unbelievable.
(09:38):
So we actually put together a playlist for specifically for
some of those scam episodes. So if you want to watch those,
it'd be easier to see those specific episodes.
And that's on YouTube and you can subscribe and those will be
sent right to your inbox when I talk about something that's new
(10:03):
and coming up. So you you shouldn't miss
anything. So I think that's a great idea.
Hey, also, you know, I'm always asking you to share the podcast.
There is no better reason to share the podcast because we are
talking about things that your friends and family need to know,
right? So share, share please and
subscribe so that way you don't miss it in the future.
(10:27):
You'll be glad you did. Well, going back to the
headlines and I started talking about, I can barely say it,
quishing. You know, you've heard of
phishing, right? PHISIPHISHING.
This is quishing. So it's on the rise.
(10:47):
And these security researchers who spoke with Fox News reported
that fake QR codes have tricked already 26 million people into
visiting malicious websites. 26,000,000 These codes hide in
(11:10):
plain sight. You know, they give you a
payment portal, they send you a package, e-mail you something,
say, hey, scan this to register for blah, blah, blah.
I've done it, done it all the time, right?
And the government agencies are taking notice.
FTC, Federal Trade Commission, that's who.
(11:32):
Who keeps track of these types of events and scams?
The New York City Department of Transportation apparently warned
about fake QR codes on parking meters.
What do you say? What do you say?
You know, they've got all kinds of codes.
(11:55):
And as I said, people are not asconcerned about scanning these
codes when they come through your phone.
And if you scan it and you sign up, you're giving them
permission, I guess, to remote access Trojans.
They call them rats, which is appropriate, and they can
(12:15):
infiltrate your personal device.That means phone, that means
computer. I just think that we need to
become, for our own protection, we have to become more familiar
with technology because it is just growing and we don't, you
(12:37):
know, we don't see the same kinds of attacks that we used to
see. These are attacks that are
creating mass damage and never raised any kind of traditional
weapon. They're coming through our
communication services. We need to start thinking
(12:59):
differently. So I I wanted to.
This past week, a friend of minewho I've been friends with for a
very long time called me, and she said she needed to talk to
me because she was concerned that her parents may be scant.
So of course, I called her and we talked, and her parents were
(13:22):
furious with her. Furious.
OK, these are smart people. Her father was a teacher and her
mother was a administrative assistant with a big company.
They were furious because they said my friend, you know,
interfered where she didn't belong and ruined the ability
(13:44):
for them to get a jackpot prize,which was supposedly a Mercedes
and $1 million. So luckily my friend found out
about it. She was still concerned after
the fact, you know, whether there was anything else she
needed to do. But this didn't happen once,
(14:07):
didn't happen twice, happened 3 * 3 times.
OK, her parents got a call. Congratulations.
You've won a Mercedes, You've won $1,000,000.
Woo Hoo. OK.
And they needed a a check. That's benign enough, huh?
They needed a check for them to pay some service fees, some
(14:31):
taxes, things like that. So they wrote a check out and
that check was deposited by the scammers.
Then, of course, they needed another check, right?
That was an $18,000 check. Scammers showed up at their
(14:51):
house, knocked on the door at 9:00 at night to pick up that
check. These people are brazen.
Then. Then there was a transfer.
A transfer that was initiated which brought the total up to
(15:12):
$70,000. My friend really she, she did
what she needed to do, she responded quickly.
That's the key. She responded quickly, went to
the bank, and the bank was able to stop-payment on the first
check, the second check, and because the transfer was
(15:35):
initiated with her parents bank account.
Turns out that the scammer was using the same bank, so that was
luck. But they stopped that big
transfer too. So now her parents are mad.
(15:56):
She still did the right thing, still did the right thing.
These are smart people. You know, I, I, I can't
overemphasize how bad this is. So wanted to share another
headline with you. Give me a minute here.
You know, and it's not easy to recover any of this money.
(16:16):
It that's unusual for my friend to be able to stop it.
If it had gone out there, you know, the chances of getting
that back would have been slim to none.
So a couple other things that just not older adults, they're
(16:36):
young people. You may tell your grandkids
this. They're looking for jobs.
They're graduating from college,right?
This is particularly cruel. University of Tennessee here in
Chattanooga reported that several students had received
emails which said that the recruiter had accessed their
(16:57):
information through the school database.
Sounds legitimate doesn't it? And was offering them a job.
It was a scam. They wanted them to go to
another website and fill out alltheir personal information so
they could steal that information.
(17:18):
Information is valuable because that helps them access your
money, valuable property or use your information to go scam
somebody else or apply for a loan.
See that here too. There are lots and lots of
(17:41):
instances where real estate scams.
You may have a paid off house that's a great accomplishment.
You'd want to be wary because these scammers are quit claiming
houses to other people and the Register of Deeds office has a
(18:05):
statutory obligation to record these documents.
Now that sounds like something that needs to be changed, but
that's the law right now and theregister of deeds, God love him.
He put a program in place so that if that happens particular
to your house, you will be notified right away.
It's a free program. I've talked about it before.
(18:28):
You need to subscribe because that great accomplishment, you
don't want it to go haywire and it may be too late by the time
you find out about it or you're going to have to file a lawsuit
for a fraudulent conveyance and who knows if you even know where
(18:48):
it went. It could be a bogus person.
I'm not trying to make well, I am trying to make you upset
because I want you to be motivated.
I want you to be motivated to block these guys, block them
before they can even get a call.And you know, I, I don't give
(19:10):
payments over the phone, especially when someone calls
me. I don't know if that's the
person on the phone, you know, why wouldn't it be, right?
Well, why would it be? So I don't.
I do it the old fashioned way most Times Now and especially
since I'm dealing with older adults, we need to be careful
(19:31):
how we do business. And I do not mind if you want to
confirm things with me before you move forward.
And I want to make sure that no one uses me to scam you.
So this is this is an important topic.
(19:54):
So a couple other things that I just wanted to touch on.
Of course, the holiday seasons are coming up, which is
unbelievable. I can't believe that we're
already close to the holiday seasons.
But you know, you may think the little guys getting scammed
here, which which is true, but Ijust wanted to share a couple
stories because this cyber, cyber terrorism, that's what I
(20:18):
would call it. The big guys are getting scammed
as well. You know, whether it's
ransomware, they're holding the business software hostage.
Whether it's a malware, someone putting something damaging in a
in a computer, all, all businesses use computers to a
certain extent, right? Well, here's one from the
(20:41):
Craylin Bank in Belgium. OK, someone called and said they
were the CEO and wanted a transfer of almost $76 million
from the bank. Well, it started with a phishing
e-mail and guess what? The finance department wired
(21:03):
that money to whoever it was wasasking for it.
I never found out who did it, I never found the money, and it is
still unsolved as of today. Here's one in the US Colonial
Pipeline. You know, the oil pipeline
(21:26):
delivers gas and all that kind of stuff to us.
They admitted to paying a what was really extortion and
blackmail, four and a half, $1,000,000 for a phishing attack
which attacked their system and slowed the transportation of
(21:48):
about 100 million gallons of fuel every day, which just
impacts us, right? But this company paid the
hackers to solve the problem. I don't think that really solves
the problem, but it shows you what kind of leverage they have
with this information. So I want, I want us to pay
(22:14):
attention to this. I want us to not be afraid, not
be skittish. Of course, we can't disengage
from the world, right? We just need to engage in new
ways, be more careful, be slowerabout transactions, especially
transactions online. If you see something suspicious,
(22:37):
call your bank, right? I know my banker.
If I see something, that's what they're there for.
And trust me, these things happen all the time.
I've gotten to the point that every time I find one of these
scams or someone gets scams, I send it to the attorney
general's office, you know, and you can report them too.
(22:58):
You can report it to the Tennessee Division of Consumer
Affairs, FBI, local law enforcement report it.
And that's just another concluding thought I wanted to
have because a lot of these are not getting reported.
(23:18):
You know why? Because people are embarrassed.
Don't be embarrassed. You know, we need to start
engaging with each other. I know so many people that have
been fooled and they're going tomake sure they're never fooled
again. Prevent that from happening to
somebody else. Share the podcast.
Start talking about these issues.
(23:40):
And if you have been scammed andyou want to Share your story,
I'd love to hear it. Tell me what happened.
Tell me what you would do differently that could help
somebody. Go right to my website,
nancykogar.com and send me. Send me the information.
Well, that's enough of my blathering on today.
(24:02):
But no, I think this is important and I hope you take
note of these things and I am going to continue to be vigilant
about letting you know about these issues that are coming up
because I want you to be protected and aware.
Thanks for listening, I'll see you next time.
Well, we got a problem, folks. Scams are just continuing to
rise. We are talking billions of
dollars in losses every year. And I thought this was important
to talk about some of the recentheadlines involving scams,
including some things right herein my hometown because they are
(00:21):
expensive, they are all over theplace, and they target older
adults. So let's look at the headlines,
OK? I had one even this last week
here in Chattanooga where a man fell for what was a romance
(00:44):
scam, plain and simple. I know you're probably thinking,
how could somebody fall for that, right?
Well, this man went on an onlinedating service and met someone.
They talked for months. So these scammers are patient.
(01:04):
He was convinced this was a woman in Florida kind of in the
same season of life and that if he moved to Florida they'd buy a
home together and have a new life.
That sounds pretty good, doesn'tit?
Well, he sold his house. He quit his long time job.
(01:26):
He headed for Chattanooga Airport where he thought there
would be a ticket, but apparently there was not because
the scammer did not provide a ticket.
Instead she used an excuse saying if something got mixed
up. So he was still set on going
until he realized it was a scam.Can you imagine?
Can you imagine? I, you know, I feel bad for this
(01:48):
guy and I hope he gets his job back, you know, But part of my
analysis here would be if it sounds too good to be true, it
is, folks, it is. You have to check out
everything, Everything. Don't assume because it looks
(02:08):
like a duck and quacks like a duck that it's a duck, right?
This means even with these corporations, I get things from
banks. Looks like the bank it isn't.
So we are going to have to be sovigilant.
He's going to have to kick it upa few notches.
You know, this one, the guy losthis house.
(02:30):
He doesn't have a house anymore.He sold it.
He wasn't going to bring that toFlorida, right?
And then he lost his job. This is the kind of stuff that
just really angers me, and that's why I want to talk about
it. Hey, something else I wanted to
tell you about and let me just move over to this story from
(02:52):
Forbes magazine. Wanted to let you know that even
if you think your parents are not AI people, right?
AI is all the rage. They're going to have to become
more familiar with it because those AISAI users are coming
(03:13):
after your parents. They are using that as a tool to
scam people out of lots of money.
And at a time when, of course I'm trying to protect your
assets and help you plan with your assets, the last thing I
want is for you to get scammed and lose everything you've
(03:34):
worked so hard for. OK, let's be real.
So AI, you got to start talking about it.
It's not something out there that you don't have to worry
about. Well, this article from Forbes
here says the same headline thatI just said, you know, AI scams
are coming for your parents. Here's how to fight back.
(03:57):
So the article talked about a pop up that looked official
enough to fool anyone. I just talked about this, right?
It was Blue Shield. It was a Microsoft font.
It was a blinking security alertand said urgent prevent
shutdown. Click here.
Well, on the other side of the line, you know, that gets the
(04:20):
call from the person who's concerned that there may be a
virus. If you don't cooperate, we are
going to delete and disable yourcomputer permanently.
I even get those all the time. We're going to delete your
storage if you don't take care of this immediately.
It's all over the place folks. And so this 79 year old mother
(04:47):
was really concerned. Of course, she didn't want to
lose everything, but she was kind and trusting and by
yourself. So the scammer pressed for
remote access to her computer tounlock all those accounts.
What a nice guy. And that's when her son became
(05:08):
the hero. He had already gone to the bank
or online for the bank and installed account alerts,
restricted daily transfer limits, remote access, all of
that multi factor authentication, all of that
(05:29):
helped in this circumstance and the thief didn't get a dime.
So lesson learned, right? My analysis for this is I know
it's a real pain to have your cell phone pop up a number and
then you got to pop up another number.
You got to do this, got to do that.
Make sure that you can even get access to your own account.
(05:50):
But there's a reason. There's a reason.
And if you set those things up, they will work when you need
them. I really like the the daily
transfer limit because if anybody does anything, you could
set it at 100, you could set it at 500, you could set it at
1000. If anything like that comes out
(06:13):
of your account, you're going tofind out about it right away.
So this is a perfect way to keeptabs on some of the things that
you may have to be wary of for yourself and for your parents.
I wanted to share another one with you, and it's about
(06:37):
quishing. Quishing.
What is quishing? We know about fishing, and now
we need to be alert to quishing.Well, quishing is Simply put
bogus QR codes that are being sent to people and scan them.
They get your information and tada they scam you.
(07:02):
What do you think about that? I know it doesn't sound like
something that that we would do,but actually, you know, this
article says 73%, 73%, that's almost three out of four adults
admit to scanning QR codes without checking whether it's
(07:23):
legitimate. I think, I think we think
something because it's in our phone that it's not as dangerous
to get, you know, access to our personal information.
Well, that's ridiculous because you know, we look at all of our
things through our phone and these guys are texting you.
They may send you AQR code and ta da.
(07:43):
So let's let's get tougher with this stuff.
All right, I can't stand it whenthese people are just you know,
they're they got a great business plan and they're
scamming people left and right. Well, here's one from the motley
fuel, a fool rather AI. Again, they are using certain
(08:09):
tools, these cyber criminals, totake money away from you and me
and everybody else out there. I know we don't want to be
worried about all these things, but you need to be vigilant, OK?
They've got voice cloning. It can sound like your grandson,
(08:29):
but it's not. And they can send an e-mail or
phone call rather. And grandson can sound very
concerned. Maybe he had a car accident,
maybe he got arrested. He needs money right then.
Right now. It's a scam, folks.
(08:49):
It's a scam. These people are dastardly,
dastardly, and I want to make itharder for them to be
successful. Are you with me?
Well, I've got some more to share that I think will be
helpful after this. Welcome back.
(09:17):
You know, Boomer time is all about being better prepared.
I also wanted to be better awareso you do not get scammed and
done several programs on scams. And I'll continue to address it
because it is just that pervasive and it is just that
costly for folks. It's unbelievable.
(09:38):
So we actually put together a playlist for specifically for
some of those scam episodes. So if you want to watch those,
it'd be easier to see those specific episodes.
And that's on YouTube and you can subscribe and those will be
sent right to your inbox when I talk about something that's new
(10:03):
and coming up. So you you shouldn't miss
anything. So I think that's a great idea.
Hey, also, you know, I'm always asking you to share the podcast.
There is no better reason to share the podcast because we are
talking about things that your friends and family need to know,
right? So share, share please and
subscribe so that way you don't miss it in the future.
(10:27):
You'll be glad you did. Well, going back to the
headlines and I started talking about, I can barely say it,
quishing. You know, you've heard of
phishing, right? PHISIPHISHING.
This is quishing. So it's on the rise.
(10:47):
And these security researchers who spoke with Fox News reported
that fake QR codes have tricked already 26 million people into
visiting malicious websites. 26,000,000 These codes hide in
(11:10):
plain sight. You know, they give you a
payment portal, they send you a package, e-mail you something,
say, hey, scan this to register for blah, blah, blah.
I've done it, done it all the time, right?
And the government agencies are taking notice.
FTC, Federal Trade Commission, that's who.
(11:32):
Who keeps track of these types of events and scams?
The New York City Department of Transportation apparently warned
about fake QR codes on parking meters.
What do you say? What do you say?
You know, they've got all kinds of codes.
(11:55):
And as I said, people are not asconcerned about scanning these
codes when they come through your phone.
And if you scan it and you sign up, you're giving them
permission, I guess, to remote access Trojans.
They call them rats, which is appropriate, and they can
(12:15):
infiltrate your personal device.That means phone, that means
computer. I just think that we need to
become, for our own protection, we have to become more familiar
with technology because it is just growing and we don't, you
(12:37):
know, we don't see the same kinds of attacks that we used to
see. These are attacks that are
creating mass damage and never raised any kind of traditional
weapon. They're coming through our
communication services. We need to start thinking
(12:59):
differently. So I I wanted to.
This past week, a friend of minewho I've been friends with for a
very long time called me, and she said she needed to talk to
me because she was concerned that her parents may be scant.
So of course, I called her and we talked, and her parents were
(13:22):
furious with her. Furious.
OK, these are smart people. Her father was a teacher and her
mother was a administrative assistant with a big company.
They were furious because they said my friend, you know,
interfered where she didn't belong and ruined the ability
(13:44):
for them to get a jackpot prize,which was supposedly a Mercedes
and $1 million. So luckily my friend found out
about it. She was still concerned after
the fact, you know, whether there was anything else she
needed to do. But this didn't happen once,
(14:07):
didn't happen twice, happened 3 * 3 times.
OK, her parents got a call. Congratulations.
You've won a Mercedes, You've won $1,000,000.
Woo Hoo. OK.
And they needed a a check. That's benign enough, huh?
They needed a check for them to pay some service fees, some
(14:31):
taxes, things like that. So they wrote a check out and
that check was deposited by the scammers.
Then, of course, they needed another check, right?
That was an $18,000 check. Scammers showed up at their
(14:51):
house, knocked on the door at 9:00 at night to pick up that
check. These people are brazen.
Then. Then there was a transfer.
A transfer that was initiated which brought the total up to
(15:12):
$70,000. My friend really she, she did
what she needed to do, she responded quickly.
That's the key. She responded quickly, went to
the bank, and the bank was able to stop-payment on the first
check, the second check, and because the transfer was
(15:35):
initiated with her parents bank account.
Turns out that the scammer was using the same bank, so that was
luck. But they stopped that big
transfer too. So now her parents are mad.
(15:56):
She still did the right thing, still did the right thing.
These are smart people. You know, I, I, I can't
overemphasize how bad this is. So wanted to share another
headline with you. Give me a minute here.
You know, and it's not easy to recover any of this money.
(16:16):
It that's unusual for my friend to be able to stop it.
If it had gone out there, you know, the chances of getting
that back would have been slim to none.
So a couple other things that just not older adults, they're
(16:36):
young people. You may tell your grandkids
this. They're looking for jobs.
They're graduating from college,right?
This is particularly cruel. University of Tennessee here in
Chattanooga reported that several students had received
emails which said that the recruiter had accessed their
(16:57):
information through the school database.
Sounds legitimate doesn't it? And was offering them a job.
It was a scam. They wanted them to go to
another website and fill out alltheir personal information so
they could steal that information.
(17:18):
Information is valuable because that helps them access your
money, valuable property or use your information to go scam
somebody else or apply for a loan.
See that here too. There are lots and lots of
(17:41):
instances where real estate scams.
You may have a paid off house that's a great accomplishment.
You'd want to be wary because these scammers are quit claiming
houses to other people and the Register of Deeds office has a
(18:05):
statutory obligation to record these documents.
Now that sounds like something that needs to be changed, but
that's the law right now and theregister of deeds, God love him.
He put a program in place so that if that happens particular
to your house, you will be notified right away.
It's a free program. I've talked about it before.
(18:28):
You need to subscribe because that great accomplishment, you
don't want it to go haywire and it may be too late by the time
you find out about it or you're going to have to file a lawsuit
for a fraudulent conveyance and who knows if you even know where
(18:48):
it went. It could be a bogus person.
I'm not trying to make well, I am trying to make you upset
because I want you to be motivated.
I want you to be motivated to block these guys, block them
before they can even get a call.And you know, I, I don't give
(19:10):
payments over the phone, especially when someone calls
me. I don't know if that's the
person on the phone, you know, why wouldn't it be, right?
Well, why would it be? So I don't.
I do it the old fashioned way most Times Now and especially
since I'm dealing with older adults, we need to be careful
(19:31):
how we do business. And I do not mind if you want to
confirm things with me before you move forward.
And I want to make sure that no one uses me to scam you.
So this is this is an important topic.
(19:54):
So a couple other things that I just wanted to touch on.
Of course, the holiday seasons are coming up, which is
unbelievable. I can't believe that we're
already close to the holiday seasons.
But you know, you may think the little guys getting scammed
here, which which is true, but Ijust wanted to share a couple
stories because this cyber, cyber terrorism, that's what I
(20:18):
would call it. The big guys are getting scammed
as well. You know, whether it's
ransomware, they're holding the business software hostage.
Whether it's a malware, someone putting something damaging in a
in a computer, all, all businesses use computers to a
certain extent, right? Well, here's one from the
(20:41):
Craylin Bank in Belgium. OK, someone called and said they
were the CEO and wanted a transfer of almost $76 million
from the bank. Well, it started with a phishing
e-mail and guess what? The finance department wired
(21:03):
that money to whoever it was wasasking for it.
I never found out who did it, I never found the money, and it is
still unsolved as of today. Here's one in the US Colonial
Pipeline. You know, the oil pipeline
(21:26):
delivers gas and all that kind of stuff to us.
They admitted to paying a what was really extortion and
blackmail, four and a half, $1,000,000 for a phishing attack
which attacked their system and slowed the transportation of
(21:48):
about 100 million gallons of fuel every day, which just
impacts us, right? But this company paid the
hackers to solve the problem. I don't think that really solves
the problem, but it shows you what kind of leverage they have
with this information. So I want, I want us to pay
(22:14):
attention to this. I want us to not be afraid, not
be skittish. Of course, we can't disengage
from the world, right? We just need to engage in new
ways, be more careful, be slowerabout transactions, especially
transactions online. If you see something suspicious,
(22:37):
call your bank, right? I know my banker.
If I see something, that's what they're there for.
And trust me, these things happen all the time.
I've gotten to the point that every time I find one of these
scams or someone gets scams, I send it to the attorney
general's office, you know, and you can report them too.
(22:58):
You can report it to the Tennessee Division of Consumer
Affairs, FBI, local law enforcement report it.
And that's just another concluding thought I wanted to
have because a lot of these are not getting reported.
(23:18):
You know why? Because people are embarrassed.
Don't be embarrassed. You know, we need to start
engaging with each other. I know so many people that have
been fooled and they're going tomake sure they're never fooled
again. Prevent that from happening to
somebody else. Share the podcast.
Start talking about these issues.
(23:40):
And if you have been scammed andyou want to Share your story,
I'd love to hear it. Tell me what happened.
Tell me what you would do differently that could help
somebody. Go right to my website,
nancykogar.com and send me. Send me the information.
Well, that's enough of my blathering on today.
(24:02):
But no, I think this is important and I hope you take
note of these things and I am going to continue to be vigilant
about letting you know about these issues that are coming up
because I want you to be protected and aware.
Thanks for listening, I'll see you next time.
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