Key Takeaways:
- 1. Scammers target 401(k) accounts due to their value and the lack of regular monitoring by individuals.
- 2. Common tactics used by scammers include phishing emails, phone scams, and identity theft.
- 3. Recommendations for securing your 401(k) include monitoring account activity, using strong passwords, and enabling multi-factor authentication.
Scammers are increasingly targeting 401(k) accounts through tactics like phishing emails and phone scams. To protect your retirement savings, experts recommend monitoring account activity, using strong passwords, enabling multi-factor authentication, and staying vigilant for signs of fraud. Acting swiftly in case of suspected fraud is crucial to minimizing potential damage.
Insight: Regularly monitoring and securing your 401(k) can help prevent falling victim to cybercriminals seeking to exploit retirement savings through various fraudulent tactics.
This article was curated by memoment.jp from the feed source: Fox Scitech.
Read the full article here: https://www.foxnews.com/tech/how-secure-your-401k-plan-from-identity-fraud
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