long with everything else you may have heard by now about the Millennium Bug, there's another issue: Y2K scams. Unfortunately, some people are taking advantage of unsuspecting consumers, using the Millennium Bug issue as an angle.
How does this affect me?
You should be aware that you may need to protect your funds from fraudulent Y2K-related schemes.
Some con artists are preying on people's fears about the Year 2000 to trick them into buying useless Y2K "remedies" or investing in bogus Y2K ventures.
Avoid becoming a victim of fraud
Take note of these common Y2K scams and what you can do to protect your money and personal information.
Be wary of offers to invest in a "fix" for the Y2K problem, especially if asked to provide your bank account or credit card number.
Hang up if someone calls and requests your financial information to conduct Y2K "market research."
Don't be intimidated if someone calls claiming to be a government official and asks you to divulge financial information. Never give anyone your personal financial information unless you can independently verify to whom you are speaking.
Find out more about protecting yourself from fraud. The President's Council on Y2K Conversion offers free information on Y2K issues. Contact them online at www.y2k.gov, or call their free consumer hotline at (888) USA-4Y2K.
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