Between 2016 and 2020, service members and veterans lost over 420 million dollars in scams that were reported. Members of the military community are victims of cybercrimes at a higher rate than the civilian community. A steady paycheck and frequent deployments make you a big target for fraud.
Cindy Liebes is the Chief Program Officer at the Cyber Security Network, a public and private collaboration to help individuals and small businesses combat cybercrime.
Prior to her work at the Cyber Security Network, Cindy worked as the Federal Trade Commission’s Southeast Regional Director where she was responsible for supervising and litigating numerous law enforcement actions involving a variety of unfair and deceptive consumer protection issues, including online privacy; fraudulent Internet schemes; telemarketing fraud and consumer credit statute enforcement.
Cindy and I talk about common types of scams and fraud impacting service members and military spouses, how you can spot them and what to do about them whether you are a victim or not.
Cindy shares some fantastic advice to avoid getting scammed and resources to help.
The Military Money Show is supported by Navy Federal Credit Union. If you’re in the market for a new vehicle, Navy Federal can help you save thousands off MSRP with their car buying service, powered by TrueCar. They have low rates and preapproval that’s good for 90 days, so you know what you can afford while you shop. Which is super helpful. Learn more by visiting NavyFederal.org.
More on security: What to Know About Security Clearances and Your Money
Related content: What You Should Know About Cybersecurity
If you’re interested in joining the community of military and financial professionals for the first-ever MilMoneyCon. You can sign up here: Get MilMoneyCon Updates
Get them answered on the show. Submit your questions here.
These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion.
If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.