New developments or types of social media launch almost daily. Because such Internet-based applications or programs enable individuals and groups to connect easily and openly to share all types of information, you or your children may be putting private information at risk. Often, you may not be aware just how much or what information you are sharing.
Here are just a few recent examples. In late April, Facebook, the largest social network, launched new features including Open Graph/Instant Personalization, with default settings that said yes to sharing more information with third-party sites unless you opted out. Although consumer pushback forced Facebook to make some positive changes, there are still potential privacy problems. In February, Google introduced its new social networking program, Buzz. By enabling it by default for all Gmail users (rather than offering the option to opt in or not), Buzz then would follow everyone in the Gmail user's contact list. In June, Yahoo announced its intention to build social networking Yahoo Updates using the Yahoo email database. Beyond such controversial participation protocols, however, much more is happening in the social web universe. Did you see where the Library of Congress is going to archive public tweets on Twitter (and the vast majority of tweets are public)? Then there's Blippy, an application that automatically shares all your credit card purchases. The list goes on.
Getting constant phone calls, but only dead air or recordings when you answer?
You could be targeted in a new scam directed at stealing money from your accounts, according to the FBI. The new scam combines an earlier "phishing" attack (when thieves stole your account numbers and/or passwords) and a later attack tying up your phone (a "denial of service" attack) so that your financial institutions can not reach you for verification while the thieves clean out your accounts. Read the FBI consumer alert.
A credit card is one of the most important—and potentially dangerous—financial tools you'll ever touch. And here's a fact: where you get that card is a huge decision.
New laws that have just gone into effect are supposed to protect people our age, but guess what: they don't.
Each month, Brain Food highlights podcasts by others on key issues that impact your wallet.
This month we highlight videos about various types of scams and fraud. These include fake check scams, cross-border fraud, Internet fraud, foreign lottery scams, work-at-home scams, ID Theft, and telemarketing fraud.
FTC Warns of Oil Spill Scams Disasters tend to bring out the scammers and the oil spill in the Gulf of Mexico is generating its share. This consumer alert provides tips for spotting fraudulent offers or activity.
MyMoney.gov This redesigned site from the federal government is a one-stop site that provides financial education information, resources, and tools from over 20 different federal websites. Topics include managing debt and credit, dealing with mortgages, planning for retirement, saving & investing, and much more.
Zip Code Finder and Boundary Map Want to know where a zip code is located? Need to know the zip code for an address? Then check out this interactive map.
StraightTalk Video
Our StraightTalk team of Nick, Will and Remar brings three generations of consumer knowledge to the Corning Federal Credit Union Community.