Eye on the FBI: Scams Targeting Elderly People

Older adults with dementia misjudge their financial skills – which may make them more vulnerable to fraud, new research finds

Older adults generally have a good sense of their own financial abilities – unless they have dementia. shapecharge/E+ via Getty ImagesOlder adults diagnosed with dementia lose their ability to assess how well they manage their finances, according to a recent study I co-authored in The Gerontologist. In comparison, people of the same age who don’t have dementia are aware of their financial abilities – and this awareness improves over time. For ou…

Eye on the FBI: Scams targeting elderly people

Eye on the FBI: Scams targeting elderly peopleScams involving fake tech support links and sweepstakes can devastate people who are older and don't have as much tech know-how. Here's how you can protect your loved ones and help them protect themselves. ALBUQUERQUE, N.M. — Online scams affect everyone and all people of all ages but older people are some of the most vulnerable, according to the FBI. According to Terrance Frank, the assistant specia…

Senior citizens at risk from online scams, Paducah company raises awareness

Online scams pose a continued risk to the elderly. A local cybersecurity company is trying to raise awareness of these scams and how to prevent them.

North Bay sheriff foils $30,000 scam against elderly woman

(KRON) -- An East Bay man was arrested by the Sonoma County Sheriff’s Office after allegedly attempting to defraud an elderly woman of tens of thousands of dollars, authorities announced Monday. The victim alerted detectives to a scam phone call she received where the suspects “were attempting to defraud her of $30,000,” SCSO said. After detectives coordinated with the woman, they watched a man arrive and take a box from the victim that he belie…

Nacha Updates Resources to Help Financial Institutions Protect Seniors From Fraud

Nacha’s Payments Innovation Alliance has updated two of the tools it offers to help financial institutions protect older Americans from financial fraud. [contact-form-7] To help financial institutions educate the public about the prevalence of elder financial exploitation, the Alliance’s Consumer Financial Exploitation Project Team has developed an infographic that provides key statistics on this issue, Nacha, which governs the ACH Netw…

La Porte County, Indiana Sheriff’s Office Issues Alert Over Ongoing Phone Scam Targeting Residents

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