By Marta Street, Certified Senior Advisor at Concierge Care Advisors
The Rising Threat of Scams Targeting Seniors
Seniors lose billions of dollars annually to scams, with criminals using increasingly sophisticated methods to exploit vulnerable adults. From fake phone calls to deceptive emails, scammers prey on trust and confusion to steal money and personal information.
Even those who are aware of scams can fall victim under the right circumstances. I once lost $500 in an eBay scam because I was distracted. For one senior with cognitive decline, the stakes were much higher—she lost over $10,000 to a scammer pretending to be her grandson.
It’s clear that scams can happen to anyone. The key is to stay vigilant and informed.
Episode 10 of #TheSeniorSpotlight Podcast
For an in-depth discussion on protecting seniors from fraud, tune into Episode 10 of #TheSeniorSpotlight Podcast: Holiday Scams 101: What Seniors and Families Need to Know. Host Mary Cordova, Matt Santelli, and Jenny Austin-Krzemien share real-life stories and practical tips to spot scams and safeguard loved ones. Listen now and learn how to stay ahead of scammers.
Common Scams to Watch Out For
1. Imposter Scams
Scammers pose as family members, claiming they need money for emergencies like bail or hospital bills.
- Red Flag: Requests for money via wire transfers or gift cards.
2. Email and Tech Support Scams
Emails claiming to charge you for services or pop-ups warning of a “virus” can lure victims into providing personal information.
- Red Flag: Requests to confirm payment or provide banking information.
3. Investment and Get-Rich-Quick Schemes
Unscrupulous “advisors” promise big returns in exchange for upfront payments.
- Red Flag: High-pressure sales tactics and unverifiable credentials.
How to Protect Yourself and Your Loved Ones
Be Vigilant Online:
- Avoid opening emails from unknown sources.
- Check the URL for:
- Misspelled words.
- Lack of HTTPS or a padlock symbol.
- Poor page design or mismatched logos.
- Beware of pop-up ads, especially those claiming to be from Microsoft or other trusted brands.
Avoid Sharing Personal Information:
- Do not provide banking or Social Security information to unsolicited contacts.
- Ignore fake USPS or government agency requests for personal details.
Screen Phone Calls:
- Avoid answering calls from unknown numbers.
- Let calls go to voicemail if you’re unsure.
- Be cautious with responses; avoid saying “yes” or “no” as your voice can be recorded and misused.
Trust Your Instincts:
If something feels off, it probably is. Always listen to your gut and take a moment to evaluate.
Concierge Care Advisors: Protecting Seniors Every Step of the Way
At Concierge Care Advisors, we are dedicated to safeguarding seniors and their families. Our services connect families with vetted, secure senior living communities designed to provide a safe and supportive environment. Best of all, our services are free to families.
Contact Us Today
Contact Us to learn how we can help you find the ideal senior living solution for your loved one.
