What specific cybersecurity habits are covered in the FDIC webinar on scams?

✓ Accepted answer

The FDIC and CFPB webinar on October 28, 2026, focuses on essential cybersecurity habits designed to slow down and verify transactions before money moves, protecting older adults from financial exploitation.

• Core Verification Principle: The session emphasizes the rule to “slow down and verify before money moves,” which is the central tactic against fraud.
• Program Resources: Guidance is delivered through the FDIC Money Smart for Older Adults program, providing free educational materials that families can use independently.
• Target Audience: The webinar is specifically designed for banks, credit unions, financial educators, and veterans' service groups who work directly with seniors.
• Fraud Types: In addition to cybersecurity, the training covers spotting investment scams and identifying scams that specifically target veterans' benefits.
• Budgeting Skills: Participants learn how to budget for unexpected expenses to reduce financial vulnerability to predatory offers.
• Supplementary Training: Local initiatives, such as the smartphone security class in Inglewood, California, complement these national efforts by helping seniors spot scam texts and manage devices.

Warning: If you receive an unexpected request for money, especially one involving investment opportunities or veterans' benefits that creates urgency, contact the Federal Trade Commission (FTC) at 1-877-372-2225 or your local bank's fraud department immediately to verify the legitimacy before sending funds.

admin · 2026-10-21 06:17:43