Avoiding Scams as a Senior

13th of June, 2017

Avoiding Scams as a Senior:

In the recent years, there have been many unfortunate incidents of the elderly getting scammed. The technological revolution has made it easier to scam the older generation in new ways.

The key to preventing fraud and scams is by not revealing personal information over the phone or to someone you don't trust. Shy away from revealing your social security number or credit card number to someone, especially if you are receiving unexpected calls from them. Do not reveal person

Some best ways to protect your older loved ones is by becoming involved in their finances and becoming Power of Attorney. This will give you permission to making financial decisions for your loved ones. This is especially useful if they have dementia and cannot make their own decisions. Visit your loved ones regularly and educate them about keeping their information private.
It is also a good idea to keep track of their emails, phone calls, and physical mail to make sure they are not receiving fraudulent information.


The most popular scams:

Do not provide any information in emails, or text messages either. Any email asking you for financial information should be seen as a threat, especially if there is an elaborate story behind why the individual needs your information.

The Grandchild Scam - if someone calls pretending to be your grandchild, asking for money - be wary. Sometimes due to poor hearing or a poor phone connection, an older person may fall for this and send money via Western Union to their "grandchild."

The Medicaid/Medicare Scam - a representative will call to collect and "additional" payment or additional information that they need to keep their membership/enrollment up to date. Do not give any information unless you receive formal mail.

The Internet Fraud - this can take place via email and the story can vary every time. Either it is someone from a foreign country who needs money or the recipient of the email has won an absurd amount of money and must provide bank information. Do not give them your information.

Stay Safe - Keep your information Private!