Mike Piper: Scammers Are Getting Smarter. Is Your Financial Security Keeping Up?
Advisors often deal with older clients and their family members, and the episode links account-security basics to the question of how cognitive decline shows up in money management. It offers concrete, low-cost steps — passkeys, multifactor authentication, device and home-network hygiene — that a professional can pass along.
Summary
By the running an ria deskMorningstar's The Long View podcast interviews personal finance author and CPA Mike Piper about his book Household Cybersecurity: A CPA's Guide to Protecting Your Accounts and Personal Information. The conversation covers why cybercrime is increasing, how AI is making scams more convincing, how to spot fraud, password and passkey practices, multifactor authentication, and securing devices and home networks, including the case for a separate guest network. It also compares the safety of bank versus investment accounts and discusses whether financial problems can be an early signal of cognitive decline, and when to bring in a financial professional.
- Piper argues AI is making scams more convincing and discusses how to spot cyber fraud.
- He recommends stronger passwords, multifactor authentication and passkeys as protection for financial accounts.
- He suggests creating a guest network separate from the main home network to improve cybersecurity.
- The episode examines whether bank or investment accounts are safer, and how financial problems can signal cognitive decline in an older parent or family member.
Chapters
From the publisher’s description| Time | Chapter | Length |
|---|---|---|
| Introduction | 3 min | |
| Why Cybercrime Is Increasing | 1 min | |
| How AI Is Making Scams More Convincing | 4 min | |
| How to Spot Cyber Fraud | 7 min | |
| How to Create Stronger Passwords | 4 min | |
| Multifactor Authentication and Passkeys | 14 min | |
| How to Secure Devices and Home Networks | 3 min | |
| Are Bank or Investment Accounts Safer? | 2 min | |
| Can Financial Problems Signal Cognitive Decline? | 6 min | |
| When to Bring in a Financial Professional | 8 min |
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Videos and podcasts are embedded from their publishers. Selections and summaries are editorial and are not investment advice.