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Financial Security

All articles tagged with #financial security

FBI Warns of Rampant ATM Jackpotting Causing $20 Million Losses in 2025
security5 days ago

FBI Warns of Rampant ATM Jackpotting Causing $20 Million Losses in 2025

The FBI warns that ATM jackpotting incidents have surged since 2020, with about 1,900 incidents reported and roughly 700 in the most recent year, costing more than $20 million in 2025; the DoJ cites about $40.7 million in losses since 2021. Attackers deploy malware such as Ploutus to bypass ATM security and dispense cash through the XFS layer, often after physically accessing the machine or swapping its hard drive. Mitigations include stronger physical security, cameras, changing default credentials, automatic shutdown on compromise, device allowlisting, and comprehensive logging.

via The Hacker News|
#atm-jackpotting#cybercrime#fbi-alert
Understanding America's Wealth Classes and How to Reach the Top
personal-finance6 months ago

Understanding America's Wealth Classes and How to Reach the Top

The article explains the five wealth classes in America based on net worth, highlighting the income and asset thresholds for each, and discusses how rising costs and asset composition influence perceptions of wealth and lifestyle, emphasizing that wealth is more than just income and varies greatly depending on individual circumstances and location.

via MarketWatch|
#financial-security#middle-class#net-worth
Essential Social Security Changes for Retirees Before 2025
personal-finance1 year ago

Essential Social Security Changes for Retirees Before 2025

To maximize Social Security benefits, everyone should regularly check their estimated benefit amount through their mySocialSecurity account. This simple step helps in planning retirement finances by understanding how much income will need to come from other sources. Despite concerns about Social Security's future due to a cash shortage, the program is not expected to go bankrupt, though planning for potential benefit cuts is advisable.

via The Motley Fool|
#benefit-estimation#financial-security#personal-finance
Woman Explains Why She Kept $300 Sent by Stranger on Venmo
technology1 year ago

Woman Explains Why She Kept $300 Sent by Stranger on Venmo

A woman named Jenna Herrera received $300 from a stranger on Venmo, followed by a request to return the money, which she suspected was a scam. This technique involves scammers using stolen financial information to send money, then asking for it back, leaving the recipient at a loss when the transaction is reversed. Herrera declined the request and kept the money in her account, seeking guidance on how to return it to its rightful owner. Venmo advises contacting them to help reverse such payments, as this is a common scam tactic.

via The Daily Dot|
#digital-payments#financial-security#fraud-prevention
"Social Security's Uncertain Future: Crisis, Cuts, and Election Silence"
personal-finance1 year ago

"Social Security's Uncertain Future: Crisis, Cuts, and Election Silence"

The author, initially skeptical about the longevity of Social Security, now understands that while the program may face benefit cuts, it is not at risk of disappearing due to its funding from payroll taxes. They emphasize the importance of not relying solely on Social Security for retirement income and advocate for saving independently to ensure financial security in retirement.

via Yahoo Finance|
#financial-security#payroll-taxes#personal-finance
"Urgent: Delete These 3 Dangerous Android Apps Now to Protect Your Finances"
technology1 year ago

"Urgent: Delete These 3 Dangerous Android Apps Now to Protect Your Finances"

Three malicious Android apps containing XploitSPY malware are targeting users' personal and financial information, even after being removed from the Google Play Store. Despite passing through Google Play Protect, these apps can still steal sensitive data and compromise financial accounts. Users are advised to immediately uninstall the apps Dink Messenger, Sim Info, and Defcom, and watch for signs of XploitSPY malware on their devices.

via PhoneArena|
#android#cybersecurity#financial-security
"Americans Face Retirement Crisis as Needed Savings Soar to $1.56M"
finance1 year ago

"Americans Face Retirement Crisis as Needed Savings Soar to $1.56M"

A Northwestern Mutual survey found that Americans believe they need $1.46 million to retire comfortably, with Gen Xers estimating they'll need $1.56 million. However, the average savings for Gen Xers is only $108,600, leading to concerns about outliving their savings. The survey also revealed that many Americans, across different generations, are behind in their retirement savings, with high expectations for retirement funds not aligning with current savings. This comes amid economic challenges and financial insecurities, particularly for Gen Xers, as retirement becomes increasingly out of reach for many Americans.

via Business Insider|
#finance#financial-security#gen-x
"TikTok Influencers Navigate Uncertainty Amid Regulatory Threats"
social-media1 year ago

"TikTok Influencers Navigate Uncertainty Amid Regulatory Threats"

Colorado TikTok influencer Wendy Ortiz, who has over 1 million followers, fears the potential ban of TikTok in the U.S. could impact her income and stall her social media growth. With TikTok being her main source of income, she worries about the financial repercussions for her and her family if the popular China-based social media platform is banned by Congress. Ortiz, who shares intimate moments of her life as a mom on the app, has built a successful career as an influencer and fears losing her source of income if the ban becomes a reality.

via CBS Colardo|
#ban#colorado#financial-security
"PlayStation-Backed Deviation Games Shuts Down Despite Promises of Financial Security"
gaming1 year ago

"PlayStation-Backed Deviation Games Shuts Down Despite Promises of Financial Security"

Deviation Games, a studio founded by former Call of Duty: Black Ops developers and partnered with PlayStation, has unexpectedly shut down after touting "complete financial security" from their Sony collaboration. The closure comes just a year after signing a contract with PlayStation, leaving their first project unannounced. The gaming industry has seen a wave of layoffs, including Sony's recent layoff of around 900 employees and the cancellation of projects, reflecting ongoing turmoil in the industry.

via Gamesradar|
#deviation-games#financial-security#gaming
"Maximizing Savings Yields: High Returns Without Long-Term Commitment"
finance2 years ago

"Maximizing Savings Yields: High Returns Without Long-Term Commitment"

You can earn 5% or more on your savings without locking your money up by opening a high-yield savings account, which offers significantly higher returns compared to regular savings accounts. These accounts provide liquidity, safety with FDIC or NCUA insurance, and accessibility with no monthly fees or minimum balance requirements. While they come with variable interest rates, they currently offer high rates and allow easy access to your cash when needed, making them a compelling alternative to CDs for earning competitive interest.

via CBS News|
#finance#financial-security#high-yield-savings-account