13 Apr 2021
Did you know that military members, veterans, military spouses, survivors and their families are targeted disproportionately for online scams, or cybercrime?
From 2016-20, the Federal Trade Commission (FTC) said the military and veteran community reported more than $420.5 million lost to online scams, a figure that was 44% higher than their civilian counterparts.
The numbers of military members and veteran falling prey to fraud is most likely much higher than that, though. While the agency estimated that nearly 1 in 4 Americans is a victim of cybercrime, it said only 700,000 cybercrime fraud incidents were reported to their Internet Crime Complaint Center (IC3) in 2020.
DBusiness Magazine
DBusiness Daily Update: Southfieldâs HED Merges with California Architectural Firm, Better Made Snack Foods CEO Sam Cipriano Dies, and More
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
Courtesy of Bridge, as of April 13
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
DAV
February 2, 2021
DAV-sponsored entrepreneurship event connects veterans with resources to excel
Rachel Costello discovered that necessity was the mother of invention when she found sleeping difficult in the months after undergoing several surgeries to remove brain cancer. Those sleepless nights sparked a desire to find a solution.
“When you have a brain surgery or head injury of any kind, you have to sleep sitting up for about two to three months,” said Costello, a retired Navy master chief petty officer. “So we came up with a device that allowed you to do that.”
She co-founded her company, Bonna Vita Ventures, in 2017 and soon had a prototype ready for manufacturing. However, as the economic outlook changed, it became impossible to bring the medical device to market at a sustainable price.