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“Mentoring older adults about online scams is crucial in today’s digital age to protect them from falling victim to malicious schemes,” said Wayne County Job and Family Services Director ...
Some 90% of U.S. adults believe they’re able to spot financial scams–but more than a quarter (27%) report having fallen victim. Today's scammers are nimble and aided by sophisticated tools.
This summer, Daniel Goldstein’s 86-year-old mom got an email that looked like it was from her bank. Instead, she lost $600 to a scammer. While everyone wants to protect their parents and ...
The National Council on Aging recently reported that 92,731 older adults were victims of fraud and scams in 2021, leading to $1.7 billion in total losses. These scams may be especially prevalent ...
Older people are disproportionately targeted by fraudulent telemarketers and make up 80% of victims affected by telemarketing scams alone. Older people may be targeted more because the scammer assumes they may be more trusting, too polite to hang up, or have a nest egg. Many older people have money to invest and are in need of profit.
Elder financial abuse is a type of elder abuse in which misappropriation of financial resources or abusive use of financial control, in the context of a relationship where there is an expectation of trust, causes harm to an older person. The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the ...
April 30, 2024 at 8:06 AM. WASHINGTON (AP) — Scammers stole more than $3.4 billion from older Americans last year, according to an FBI report released Tuesday that shows a rise in losses through ...
He says it is largely targeting older adults. In a “Phantom Hacker” scam, a scammer calls, texts, or e-mails a victim posing as a computer technician and falsely tells the victim that the ...
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