October 3, 2025
October Alert: Your Wealth’s Greatest Threat Isn’t Market Volatility - It’s Cybercrime
Technology has made many aspects of life easier—online banking, booking travel, shopping, and staying in touch with loved ones. But it has also given cybercriminals new opportunities to target unsuspecting individuals, especially those with significant assets. High-net-worth individuals, and particularly older adults, are attractive targets because fraudsters assume they may have valuable accounts and may not always be up to date on the latest cyber threats.
October is Cybersecurity Awareness Month, which means it is the perfect time to look at the latest threats in 2025 and the simple steps you can take to protect yourself.
The Latest Cyber Threats:
Investment Scams
Fraudsters increasingly pose as financial advisors, brokers, or even well-known companies. They offer “can’t miss” investments in cryptocurrency, real estate, or start-ups. Once you transfer funds, the money is gone.
Imposter Emails & Calls
Criminals often impersonate trusted institutions, your bank, brokerage, or even family members. They may claim your account is “at risk” and urge you to act quickly.
Malicious Attachments & Links
Clicking an email link or opening an attachment can secretly install software that allows criminals to monitor your keystrokes or steal personal data.
Account Takeovers
Cybercriminals use stolen passwords from other sites to gain access to bank or email accounts. Once inside, they can reroute funds or impersonate you.
Tech Support Scams
Pop-up warnings or unsolicited calls claim your computer is infected and urge you to pay for “support.” In reality, this is a trick to take your money or gain remote access.
Cybersecurity doesn’t have to be complicated; small habits like verifying requests, using strong passwords, and pausing before you click make a big difference. This month, take time to review your accounts and refresh your security practices. With a few mindful steps, you can enjoy the benefits of the digital world while keeping your information safe.