Spill_The_Tea_With_D_and_E.01.005

Quick recap The podcast focused on discussing the prevalence and impact of scams, particularly highlighting how fraudsters target older adults and the existence of International Fraud Awareness Week. The hosts shared personal experiences with various financial scams and provided practical advice for protecting personal information, including tips about verifying identities and being cautious with sharing sensitive data. The discussion concluded with conversations about online safety, privacy concerns, and the importance of educating both children and seniors about protecting themselves from fraud while acknowledging the evolving role of law enforcement in addressing these issues.

Next steps

• Parents to set up a family safe word with their children for emergency situations.
• Everyone to be cautious of text message scams and verify sender information before responding.
• Bank customers to set up notification alerts for transactions on their accounts.
• Teens to create separate email addresses for college applications to avoid potential scams.
• Everyone to be wary of investment clubs, especially those involving cryptocurrency, and not share banking information with unknown entities.
• Seniors to be cautious of phone calls claiming family emergencies and requesting money.
• Everyone to remember that the IRS does not initiate contact via phone calls.
• Parents to educate children about online gaming scams and the importance of not sharing personal information.
• Everyone to use caution when sharing personal information on social media platforms.
• Business owners to consider using Google numbers instead of personal phone numbers for public business contact information.

Summary Understanding and Preventing Fraud The hosts discussed the prevalence of scams, highlighting that fraud is a billion-dollar business and noting that older adults are often targeted due to their accumulated personal information. They mentioned the existence of International Fraud Awareness Week in November, led by the Association of Certified Fraud Examiners, aimed at educating the public and businesses on detecting and preventing fraud. A personal anecdote was shared about a friend who r