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Scams have become increasingly common in recent years, and seniors are targeted more than any other age group. Seniors often have greater financial assets and are less familiar with scams, making them an ideal target for scammers. But if you know the signs and can recognize the most common scams, you will be able to protect yourself and your money.

According to the 2023 Consumer Sentinel Network Data Book published by the Federal Trade Commission (FTC), Americans reported losing more than $10 billion to scams in 2023. With scams on the rise, we at SharePoint Credit Union want to inform you about common phishing and smishing scams you may encounter, how to spot them, and how to protect yourself against them.

Financial scams are nothing new, but the use of artificial intelligence is making them more convincing and dangerous than ever before. Scammers use AI to impersonate trustworthy people and create false documents, such as invoices and IDs. Individuals should be aware of these common AI scams, how they work, and how to avoid falling prey to them.

Elder financial exploitation is a growing problem in the United States. Older Americans are targeted in person, over the phone, and online by individuals attempting to extort funds or take control of their finances. These abusers are often people close to the victim and purport to care about them. Fortunately, you can take steps to protect yourself and your loved ones. Keep reading to learn tips for seniors and their families on how to prevent elder financial exploitation.

>With the holiday season right around the corner, the excitement of Black Friday and Cyber Monday shopping is palpable. As enticing deals and discounts flood the online marketplace, it’s essential to prioritize safety and security while snagging those incredible bargains. At SharePoint Credit Union, we understand the significance of safe online shopping, and we’re here to guide you through the best practices for a secure shopping experience this festive season.

In today's digital world, data privacy has become a critical concern for individuals and businesses alike. As a member-owned financial institution, SharePoint Credit Union takes data security and privacy seriously. We understand that our members entrust us with their sensitive financial information, and it is our responsibility to safeguard it diligently. In this blog post, we will explore the importance of data privacy, what you can do to protect yourself, and the proactive measures we take at SharePoint Credit Union to protect your valuable data.