Recognizing scams protects seniors
Elder financial abuse is a $36 billion (yes, that’s a B) problem affecting older adults all over the U.S. There are many ways to protect yourself or someone you care about, but the first step is to recognize how a scammer tricks their victims.
2 common fraud tactics
In part 1 of this series from our friends at True Link, an expert explains how to identify two schemes commonly used by fraudsters, called emotional arousal and legitimacy. Find out how the fear, intimidation, and trust these tactics create are used to scam seniors.
Have an anti-fraud game plan ready
It’s a good idea to regularly talk about these dirty tricks with older relatives. Help them create a plan for what they can do or say when they realize they might be dealing with a scam artist.
By DailyCaring Editorial Staff
True Link is a financial services company committed to protecting vulnerable individuals, including seniors and adults with special needs, from becoming victims of fraud, scams, and exploitation. The company provides tools that can be self-directed or managed by family members, caregivers, or guardians. With True Link, you can detect suspicious account activity and block unwanted transactions, all while preserving an individual’s independence and protecting their assets.