Hi John, There is some good news. The regulators are examining changing some rules that give us financial advisors a little more discretion in helping out with clients who may be targets for cyber- or other criminals. In the past, we would have to act immediately upon instructions to liquidate securities and send funds. It appears we may be given more latitude to delay the disbursement of funds if we suspect a vulnerable client is at risk. We may also contact close relatives, or take other steps to help protect assets. As a Fiduciary, I would visit a client in a facility and/or work closely with family members to make sure funds were not being hijacked by outside predators, if need be.
We do live in crazy times, and there are no sure fire ways, as you suggest, but here are a few to consider: - Make sure you are working with a Fiduciary, not a broker/dealer - Always call with instructions, never rely on email. - Ask your banking and financial companies how they would handle requests to distribute funds and make sure they have an emergency contact person/number on file - Never click on a link in an email you were not already expecting - I never answer my home phone any longer. I let it go to VM and only call back if I need to - Never give your credit card number to a stranger who calls you on the phone Hope this helps! Andy > On Apr 30, 2017, at 12:00 PM, [email protected] > wrote: > > Send MacGroup mailing list submissions to > [email protected] > > To subscribe or unsubscribe via the World Wide Web, visit > http://www.math.louisville.edu/mailman/listinfo/macgroup > or, via email, send a message with subject or body 'help' to > [email protected] > > You can reach the person managing the list at > [email protected] > > When replying, please edit your Subject line so it is more specific > than "Re: Contents of MacGroup digest..." > Today's Topics: > > 1. Re: Blind Trust In Email Could Cost You Your Home (John Humphries) > 2. An Amazing 24 Minute Video (John Robinson) > > From: John Humphries <[email protected]> > Subject: Re: [MacGroup] Blind Trust In Email Could Cost You Your Home > Date: April 29, 2017 at 12:07:24 PM EDT > To: Topics related to Apple and Macintosh computers > <[email protected]> > Reply-To: Topics related to Apple and Macintosh computers > <[email protected]> > > > Great advice for all of us to heed. > The sad thing, though, is that some of us are moving on in years and perhaps > not always thinking clearly. I will be 80 this year for example. > There are predators (email and phone) that will take advantage of the > elderly. > I wish there were sure fire ways for banks, etc.to <http://etc.to/> protect > their elderly account holders to avoid such fraud. Perhaps requiring two or > more to confirm a transaction? > I get emails and phone calls from obvious predators from some foreign place > every now and then. > > John Humphries > > > On Sat, Apr 29, 2017 at 10:38 AM, ANDREW ARNOLD <[email protected] > <mailto:[email protected]>> wrote: > I own a financial services firm and we would never act on wiring or > distribution instructions contained in an email, from a client, realtor, > bank, etc. We would always pick up the phone and call our client. We usually > recognize their voices. If we didn’t, we would use several forms of verifying > their ID, including asking questions no cyber criminal would know, “When is > your anniversary?”, “What year did we agree upon in your financial plan as a > retirement date?”, “Tell me again where you said your son was doing his > internship?”, “what year did we meet, and who referred you to me?” > > We repeat any instructions provided to us, asking our client to carefully > verify the routing numbers and banking info. They must sign a Letter of > Authorization, and their signature is compared to those on file previously. > > This stuff is very scary, we are paranoid about it, We are seeing increased > attempts at accessing Non Public Info (NPI) by cybercriminals. Frankly, we > would never trust an email, no matter how secure it appears to be, no matter > what form of encryption was used. I don’t care if the email comes from the > Pope, or Greater Deity, we are never going to send funds without proper > vetting. When it comes to distributing funds, multiple levels of verification > are necessary, and picking up the phone and dialing a real person is the best > form of analog verification. > > You can be proactive on your end too. Never just email instructions to a > financial institution. Take them in personally, mail them, call (and then use > email to back up those other methods), but DON’T RELY ON EMAIL to conduct > sensitive financial transactions…. Slow down, never be in a hurry, and double > check and double verify everything! > > Andy > > >> On Apr 29, 2017, at 10:05 AM, [email protected] >> <mailto:[email protected]> wrote: >> >> Blind Trust In Email Could Cost You Your Home > > > _______________________________________________ > MacGroup mailing list > Posting address: [email protected] > <mailto:[email protected]> > Archive: <http://www.mail-archive.com/[email protected]/ > <http://www.mail-archive.com/[email protected]/>> > Answers to questions: <http://erdos.math.louisville.edu/macgroup/ > <http://erdos.math.louisville.edu/macgroup/>> > > > > > From: John Robinson <[email protected]> > Subject: [MacGroup] An Amazing 24 Minute Video > Date: April 29, 2017 at 12:43:47 PM EDT > To: Topics related to Apple and Macintosh computers > <[email protected]> > Reply-To: Topics related to Apple and Macintosh computers > <[email protected]> > > > > The madness behind the numbers, this is an amazing assessment….you will want > to take 24 minutes to see if you agree. > > John > > > > > > https://www.youtube.com/watch?v=3MOwRTTq1bY&app=desktop > <https://www.youtube.com/watch?v=3MOwRTTq1bY&app=desktop> > > MacGroup mailing list > Posting address: [email protected] > Archive: <http://www.mail-archive.com/[email protected]/> > Answers to questions: <http://erdos.math.louisville.edu/macgroup/>
_______________________________________________ MacGroup mailing list Posting address: [email protected] Archive: <http://www.mail-archive.com/[email protected]/> Answers to questions: <http://erdos.math.louisville.edu/macgroup/>
