Prism Financial

Online scams are becoming more sophisticated, and new technology is helping criminal networks operate at a larger scale.

An AP investigation found that scam operations have used artificial intelligence, cloud services, internet infrastructure, satellite connections, and social platforms to target people around the world.

Some scams now involve automated messages, real-time translation, fake identities, and carefully scripted conversations designed to build trust quickly.

The financial damage can be devastating. The Federal Trade Commission estimated that scams cost Americans nearly $200 billion in losses in 2024.

The human impact is also serious. Some people working inside scam compounds have been trafficked or forced to participate under threat of violence.

For consumers, the warning signs still matter: pressure to act quickly, requests to keep conversations secret, sudden talk of money or investments, and relationships that move unusually fast.

As scams become more advanced, skepticism can be a form of protection. Slowing down, verifying details, and talking with someone trusted before sending money can make a meaningful difference.

Four days to make victims fall in love: How global scammers use US tech to fleece people Technology from American companies is being used to power a revolution in the scam industry, playing a key role in the industrialization and globalization of fraud in ways that have not been clear until now, an AP/“FRONTLINE” investigation has found.

You can help ensure that losing your wallet doesn't turn into something bigger.

What to Do When You Lose Your Wallet Ever lost your wallet? Frustrating. Here’s what you can do to keep yourself safe.

Small-cap stocks have had a standout start to the year.

The Russell 2000 Index has climbed more than 21%, putting it on track for its strongest first-half performance since 1991.

One major driver has been the expansion of artificial intelligence infrastructure. While large technology companies often get most of the attention, smaller companies tied to semiconductors, equipment, components, and connectivity have also benefited from increased AI-related spending.

The rally also reflects what some market watchers describe as a valuation catch-up after years of small-cap underperformance compared with large-cap stocks.

Still, interest rates remain an important factor. Smaller companies can be more sensitive to higher borrowing costs because they may carry more floating-rate debt or face greater refinancing needs.

For investors, the broader takeaway is that market leadership can shift over time — and major themes like AI may affect more than the biggest names in the market.

Small-cap stocks enjoy their best first half in 35 years. Here's what's driving it The advance marks a sharp turnaround after years of underperformance versus large-cap peers.

Some federal student loan borrowers may soon qualify for a larger interest rate discount by enrolling in automatic payments.

The U.S. Department of Education announced that eligible borrowers who sign up for autopay can receive a 1-percentage-point reduction in their interest rate. The temporary discount is expected to last through June 30, 2028.

Borrowers already enrolled in autopay are expected to receive the discount automatically. Others must enroll by Sept. 30, 2026, to qualify.

Not every loan is eligible. The discount applies to certain federal Direct Loans, including Direct Subsidized, Direct Unsubsidized, Direct PLUS, and Direct Consolidation Loans. Private student loans and FFEL loans are not included.

Borrowers must also have loans in good standing, and the loans generally must have been disbursed on or after July 1, 2012.

For borrowers managing student loan payments, even a temporary rate discount may be worth reviewing as part of their broader monthly cash flow.

Federal student loans have a new interest rate discount — here's who qualifies To qualify for the U.S. Department of Education's new interest rate discount on student loans, borrowers must meet several requirements. Here's what to know.

"We should just buy a place here." 🏖️

Almost every client conversation about a second home starts with that sentence, said on the third or fourth morning of a really good trip.

It's rarely about the house.

It's about wanting more of the version of life you experience on vacation.

That's a valid thought, but the house is not always the cleanest path to it.

A few things worth pressure-testing before you buy:

🔹 The sticker price is only the start. Insurance, maintenance, HOA fees, furnishings, and other expenses can add up faster than people expect.

🔹 The rental tax rules are not intuitive. The 14-day rule, passive activity limits, and depreciation may change the math. Be sure to check with your tax, legal, or accounting professional about how the rental tax rules would apply in your situation.

🔹 Paying all cash vs. financing isn't always straightforward. Don’t overlook the opportunity cost if you’re considering paying all cash.

🔹 Will the kids want it? Agree on it?

None of this is a reason not to buy. Plenty of clients have and love it.

It's a reason to do the numbers and have the family conversations before the offer, not after.