Tag Archives: Cyber

April 2018 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our April 2018 Financial Planning and Capital Market Update!

If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast format.

April 2018 Video

Financial Planning Tip (s) –

With Tax season finally over, here we mentioned how it seemed to never end…but we digress…

It appears the Cyber Thieves are back at it again, and have a new technique involving Social Security. Here in our Social Cyber Post, we discuss just how they are doing this.Cyber Attack

Bottom line, if you see something suspicious, be sure to notify the appropriate agency.

Capital Market Comments

Early Discussions of the Interest Rate Yield Curve – Rates

This is going to be fun …. In the first of a multi-part series here, we discuss the basics of the yield curve.

Bottom line, at its most basic level the yield curve should go upward and outward just as our home made chart below (the starting point for our discussion.)

 

20180424_122733630_iOS

 

Have a Great Day! Talk to you at the end of May!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

They are back … The Fraudsters that is !

This time garners the most important financial forms of the year flowing through the system … of course we are speaking of Tax Forms! (W-2, 1099, etc …..)

Tax Time = Fraudster Timethief

This week we fielded two and 1/2 possible fraud attempts. We are giving 1/2 to a email that we are not certain was fraud … No Matter.

Keep your guards up!

Last year we had double digit numbers of fraud during this season… the thing is, we did not see fraud until much later in the season. They may be starting earlier this year.

For the record, there has been no money lost on any of our known fraud attempts… we hope this never changes…. Stay Vigilant !

Happy Friday .. Enjoy Your Weekend ! Talk to you next week…

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

Real Estate Transactions Wire Fraud Alert!

It is no surprise the creative bad guys sitting behind computer screens somewhere have found another weak spot in the system. The problem with this one is, it is usually of size.

Real Estate Fraud Alertfraud-2695269_960_720

One of the larger financial transactions many of us make are the purchase of some type of Real Estate. With money, paperwork, and stress sloshing around, it is no wonder the bad guys have squeezed into this arena.

Here is what is going on:

  • After a hack into the system somewhere-
  • Email is sent to one of the parties, stating there is an updated wire account number-
  • In the foray of movement one party fails to verify the new account information-
  • Bam, the funds are wired and disappear-

How to stop it:

  • Confirm ANY email change with your opposite party-
  • Call one last time and check “In Person” with the other party before wiring – just to be safe
  • Get your Fed wire number confirmation after the wire-
  • Confirm your receiving party did in fact, receive the funds

If it is convenient, a cashiers check may be easier/safer– but hold on tight to that check after issue and double confirm how to make the check payable if this is the way you choose to go.

While the above steps look simple, and the bad guys easy to spot, in the heat of the moment, things can slip through the cracks.

Measure twice, cut once!

Have a great “Less Fraud” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

Summer = Increase Hacking

We topped out at 10 tax cyber hacks this year (10 people had some type of fraudulent tax related issue) and just as we all get ready for summer, we wanted to remind of a recurring theme we have seen over the last several years.

Increased Hacks during the summer

It is certainly not any of our kids, or any kids we know…of course not..BUT..

We do notice an increase in mostly non malicious cyber related issues over the summer. How does that saying go “Idle minds…..”

Keep your guards up this summer!

  • Do not open any weird looking emails, especially if they have odd links.
  • If you receive an odd mass email from someone you know, let them know they may have been hacked, it may save us all a few headaches.
  • Make your passwords strong by including a symbol.
  • Check the root web address carefully before you enter your information – if in doubt open another browser and surf to the link to see if it looks legit.
  • Take your time! Most of my miss haps have occurred while being careless and in unfamiliar web pages, such as looking for a unique sports statistic in unfamiliar web pages.

The good news is, with a little forethought we can avoid what is mostly a minor summer annoyance!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

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