July Cyber Tip

Staying on Guard Against Fraud

Schwab recently hosted an online seminar for RIAs on protecting senior and vulnerable investors from targeted fraud. There was a wealth of valuable information that would apply to everyone. Below are some highlights:

1.     If you receive a call from someone claiming to be from Schwab hang up and call us. We will investigate for you to see if it is a legitimate call.

2.     If you receive a call from someone claiming to be from another financial institution hang up and call a known phone number to verify it is a legitimate call.

3.     Phone numbers and email addresses can be spoofed to make it look like the call, text or email is coming from a person in your contacts.

4.     If 2-Factor Authorization is available add it to your accounts, including your email account.

5.     Use long, unique passwords for each account.

6.     Do not share personal information on social media.

7.     Scammers create a sense of urgency and want you to react before you have time to think.

8.     If you become a victim, please let us know. We know how sophisticated the criminals have become and even cybersecurity experts have fallen victim to their tactics. Our conversations are confidential. We will never discuss our conversations with anyone unless you have given us permission to. 

 

1733 Park Street Suite 350 Naperville, IL. 60563

(331) 204-6230 Direct

(331) 229-8632 Fax 

Investment advisory services provided by Lantz Financial, LLC, an SEC registered investment adviser.

Non-investment topics discussed are for informational purposes only and should not be considered legal, tax or cybersecurity advice. Individuals should consult with their own legal, tax or cybersecurity expert concerning their own specific situation.