Anchor and reporter at News 5 Cleveland
The impact of tariffs is already being seen and felt from Wall Street to Main Street .Economists predict it won't be long until we start to feel the effects beyond our 401ks, and I learned it's a recipe for success for scammers.
'They will exploit every one of those undercurrents, right, that is a crisis, and they're very, very quick to do it,' said Clayton LiaBraaten with Truecaller. His company identifies communications fraud and provides spam blocking caller ID to 450M consumers globally.He told me that talks of tariffs, tanking 401Ks, and the possibility of a recession give bad actors new material to stoke our fears and possibly get to our finances.'So, I think you'll see a lot of financial texts, you know, about things that you need to do to protect yourself. I think that you'll see they even go very extreme, and they'll try to isolate. Well, you're going to be affected by this tariff unless you do this,' said LiaBratten.LiaBraaten said we must be on guard for calls, texts, or emails asking to rebalance our 401K.He said he's very confident that will be one angle scammers will pursue using AI.Rebalancing is when you buy or sell investments to help keep your portfolio in line with your investing strategy.
Cleveland Main Street Mike Brookbank Wall Street
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With possible cuts ahead, massive Feed Utah event is needed now more than everJohn Franchi is a morning anchor and reporter for 'Good Day Utah' on FOX 13 News.
Read more »
Family of woman caught in 20 seconds of chaos, gunfire prepared to sue to get answersAnchor at News 5 Cleveland
Read more »
Chuck E. Cheese wants to be the Costco of family funSavannah Sellers is an anchor and correspondent for NBC News.
Read more »
How you can help a group dedicated to training dogs for military veteransJohn Franchi is a morning anchor and reporter for 'Good Day Utah' on FOX 13 News.
Read more »
Art rising: How Northeast Ohio is helping Asheville rebuildAnchor and reporter at News 5 Cleveland
Read more »
Cleveland celebrates its 183rd St. Patrick's Day ParadeAnchor at News 5 Cleveland
Read more »