Seniors are at risk of financial abuse
Elder financial abuse is a billion dollar problem that affects older adults all over the U.S. Fortunately, there are steps you can take to protect seniors from scams. The first is to help them recognize when someone is using common scam techniques.
3 shady tactics used by fraudsters
In part 3 of this series from our friends at True Link, learn how to identify 3 tactics used by con artists. They’re called landscaping (it’s not lawn care), repetition, and profiling. Fraudsters use these tricks to get seniors to agree with them, believe that they’re telling the truth, and target their message to prey on fears and insecurities.
Forewarned is forearmed
Explaining to your older adult how these tricks work helps them to avoid the psychological traps. And they’ll be more likely to notice if someone starts to use these tactics on them.
It’s a good idea to talk regularly about these common scam tricks with your senior. Help them develop a plan for what to do if they suspect that they’re dealing with a fraudster.
You might also like:
— Fraudsters Use Fear, Intimidation, and Impersonation to Scam Seniors
— Scams Targeting Seniors Rely on Indebtedness, Flattery, and Misplaced Trust
— Get Rid of Junk Mail to Prevent Elder Fraud
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.
By DailyCaring Editorial Staff
Image: The Red Guide to Recovery