BFSG Blog

Financial Resources & News

Watch Out for Student Loan Repayment Scams

This past June, the Supreme Court struck down President Biden's plan to cancel up to $20,000 in federal student loan debt for qualified borrowers.  As a result, millions of student loan borrowers are scheduled to start paying back their loans in October after a three-and-a-half-year reprieve. Fraudsters and scam artists have already begun to prey on vulnerable borrowers by posing as legitimate...

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5 Top Scams to Watch Out for This Holiday Season

The holiday season is a time when people are especially vulnerable to scams. This is because they are busy and often have their guard down. Criminals take advantage of this by circulating fake e-gift cards, posing as charities, targeting specific demographics, and so on. We will discuss Google's five most popular scams being circulated this holiday season. 1) E-gift card scams. With the holiday...

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Navigating the Ukrainian Crisis to Protect Your Assets

We have all watched the crisis in Ukraine unfold in the media over the last two weeks. There is concern that the sanctions imposed may lead Russia to seek retaliatory action via an increase in cyber-attacks targeting industries and businesses worldwide. When the world feels unstable, we want to reassure you that your assets are safe, and we are on high alert. While this is not a comprehensive...

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Raise Your Phone Scam Awareness

Phone scams are on the rise, costing Americans over $20 billion in 2020.(1) In the US, 27% of aging adults live alone,(2) and they’re the most likely to be targeted for scams.(3) Unfortunately, many people don’t discover scams until it’s too late. If you find yourself on the other line with a fraudster, will you hang up or be swindled out of your hard-earned savings? Learn some tips to protect...

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Tips for Preventing Fraud

Cyber criminals exploit our increasing reliance on technology. Methods used to compromise a victim’s identity or login credentials – such as malware, phishing, and social engineering – are increasingly sophisticated and difficult to spot. Constant vigilance is key. This checklist summarizes common cyber fraud tactics, along with tips and best practices. Many suggestions may be things you’re...

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