Stay aware to prevent senior fraud
Heartless scammers steal over $36 billion from American seniors every year. These fraudsters prey on older adults because they’re more likely to have savings and often respond better to high-pressure tactics.
Popular scams targeting seniors involve calls from fake IRS and Medicare representatives, people pretending to be contractors who repair houses, or fraudsters selling fake or predatory financial products.
The best protection against senior fraud is to be aware of the most common scams and educate your older adult on what to look out for.
AARP’s Fraud Watch Network is an excellent source of trusted information. We explain how their free Watchdog emails protect your older adult from scammers.
The AARP Fraud Watch Network is a one-stop shop for senior fraud information
The AARP Fraud Watch Network is a trustworthy place to get helpful information on scams targeting seniors.
Today’s thieves use both old and new technology to steal from older adults. What we like about the Fraud Watch Network is that it covers a wide range of scams. Useful tips range from keeping debit and credit information safe to staying safe on social media — and everything in between.
AARP Watchdog emails keep you up to date on popular scams targeting seniors
Our favorite feature is the Watchdog emails. Sign up for this free email alert to get essential facts about the latest scams.
Getting these occasional emails is a low-effort way to stay up-to-date on new tricks. This information lets you be proactive and take steps to protect your older adult.
Click to sign up for Watchdog emails
Watchdog emails warn of changes that create opportunities for new scams
In a recent Watchdog email (shown below), we found out about a new IRS program where they’re using private debt collection agencies to collect on overdue tax accounts.
It tells us this is important to know because this change lets scammers take advantage of people’s confusion about a new program.
The email is brief and has clearly marked sections to tell you what the issue is, what you really need to know, and what you should do about it.
In this case, if your older adult has no tax debt, you probably don’t need to do anything about it. But if they do have tax debt, you could let them know about the red flags that mean a fraudulent collector is trying to scam them.
As they say, forewarned is forearmed.
Example of an AARP Watchdog fraud alert email
The average person can’t possibly keep up with the latest tricks that fraudsters are using. That’s why the AARP Fraud Watch Network and Watchdog emails are so helpful.
The website provides information on a variety of scam and even gives you a map of scams in your area. The Watchdog email tells you briefly about the latest scams so you’ll know to avoid them.
Recommended for you:
- 3 Top Senior Scams to Watch Out For: Advice From the FBI
- 5 Ways to Prevent Elder Fraud
- Financial Elder Abuse Costs Seniors 36 Billion Dollars
By DailyCaring Editorial Team
Image: Tokyo Sougi
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