Berkshire Bank’s Post

🚨Attention, seniors and their loved ones! Elder fraud is a growing concern, with a staggering $3.4 billion in reported losses last year, according to a new FBI report. 👵 Last year, over 5,920 individuals aged 60 and above lost more than $100,000 due to these criminal frauds. This is a serious issue that requires our attention. So, how can we combat this? Stay cautious of unsolicited contact from financial institutions or unknown parties. If an offer seems too good to be true, it likely is. Make it a priority to educate yourself and your loved ones about common scams. If you suspect any suspicious activity, report it to law enforcement as soon as possible. Let's empower ourselves with knowledge and stay vigilant! #ElderFraud #FinancialSafety #InvestmentScams Source: https://lnkd.in/eQQY_dgh

Q: How can I ensure my parents aren't tricked into financial fraud over the phone? A: To protect your parents from being victimized by a scam, talk to them about the importance of never disclosing ⛔personal or financial information or the names of their loved ones in a text, phone call, or email. 📩 Instead, instruct them to ask who the caller is and wait for the sender or caller to respond. If in doubt, the senior should ask the sender personal questions that only their family would know, but a scammer wouldn’t. 👪🏾Using a family passcode or phrase is one of our favorite strategies to identify scammers. If the person on the other end of the call or email can’t give your parent the family passphrase, it’s a no-go for help!  Read this week’s full blog to learn about protecting your aging loved ones (and yourself) from financial scams. 💸 https://lnkd.in/grF66AiB #estateplanning #bphanlaw #beatricephanlaw  #personalfamilylawyer #irvine #california #legal #willsandtrusts #guardian  #legalplanning

White-collar crimes are non-violent, financially motivated offenses committed by individuals, businesses, or government professionals. 🕵️♂️💸 Some examples include: Embezzlement 💸: Misappropriation of funds by entrusted individuals. Fraud 💰: Deceptive practices to gain unfair financial advantage. Insider Trading 📈: Illegally trading securities using non-public information. Identity Theft 💳: Unauthorized use of personal information for financial gain. #KtenasLaw #KtenasBrothers #WhiteCollarCrime #LegalInsights

Over £1.2 billion was stolen through fraud in the UK last year.    Performing Enhanced Due Diligence is one of the best defences you can have in place against financial loss due to fraud.   Read our full article here on how Red Flag Alert can help protect your business from the detrimental damages of fraud. https://lnkd.in/eXVfmwii #Fraudweek #EDD #fraudawarenessweek

Concerned that a loved one may be a victim of fraud? Don't panic—our blog post provides invaluable guidance on how to navigate this challenging situation. Read more: https://lnkd.in/esf2FDuS #EstatePlanning #FraudPrevention #HamiltonLaw

As a homeowner, you have the option to add identity theft coverage to your policy. With this coverage, you may receive financial protection if your identity is stolen by a bad actor. Want to learn more? Talk with one of our agents today: MA 📞: 877-801-7424 CT 📞 : 888-519-9996 #homeinsurance #identitytheft #bearingstarinsurance #ma #ct

Financial crimes can happen to anyone, anywhere, at any time. Just ask anyone who attended the IAFCI conference of financial crimes investigators! During the conference, attendees were discussing the topic of pig butchering scams when I received a message from a scammer. Talk about timing! This just goes to show that scammers are always on the lookout for their next victim. Stay vigilant and protect yourself from financial fraud. Don't answer a wrong number text! #pigbutcheringscam #lawenforcementtraining #combattingscams

Recognize the red flags, say 'NO' kindly. Unrealistic promises, extreme premiums, and full payouts before expiry – outsmart fraud with Niveshoppe. Niveshoppe- your green flag for those trust issues. Book a consultation with us WhatApp at 91 82974 36852 or dm us to know more. #liifeinsurancetips #lifeinsuranceagency #fraudprotection #niveshoppeinsurance #buyinsuranceonline #financialplanning #financialsafety #smartinvestment #secureinvestment #familyinsurance #moneysavingideas #secureyourfuture #fraudalerts #moneyoffenders