Fraudsters Use Fear, Intimidation, and Impersonation to Scam Seniors

scam seniors

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.

 

Next Step  Find out how to spot two common scam tactics in the full True Link article

 

By DailyCaring Editorial Staff
Image: NandiniSpeaks

 

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.

 

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