
08/01/2024
๐๐ผ๐ ๐๐ฎ๐ป ๐ฆ๐ฒ๐ป๐ถ๐ผ๐ฟ๐ ๐ฆ๐๐ฎ๐ ๐ฆ๐ฎ๐ณ๐ฒ ๐ข๐ป๐น๐ถ๐ป๐ฒ?
Con artists use the anonymity of the internet to trick vulnerable people into giving up money, passwords, and sensitive personal details. More than ever, these scammers are targeting older Citizens with their schemes.
According to the Federal Trade Commission (FTC) and the FBI:
Americans aged 60 and above lose more to fraud than any other age group โ with combined ๐น๐ผ๐๐๐ฒ๐ ๐ผ๐ณ $๐ฏ.๐ฐ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ถ๐ป ๐ฎ๐ฌ๐ฎ๐ฏ ๐ฎ๐น๐ผ๐ป๐ฒ.
Whether youโre looking to protect yourself or an older loved one from online scams, fraud, and identity theft, it pays to know the latest online safety tips and tools.
๐ช๐ต๐ฎ๐ ๐๐ฟ๐ฒ ๐๐ต๐ฒ ๐ ๐ผ๐๐ ๐๐ผ๐บ๐บ๐ผ๐ป ๐ง๐ต๐ฟ๐ฒ๐ฎ๐๐ ๐๐ฎ๐ฐ๐ถ๐ป๐ด ๐ฆ๐ฒ๐ป๐ถ๐ผ๐ฟ๐ ๐ข๐ป๐น๐ถ๐ป๐ฒ?
Seniors are prime targets for online scammers who assume older Citizens may be more trusting and less tech-savvy and, therefore, more likely to fall for pressure and fear tactics.
For example, in September 2023, the FBI warned about a fast-growing type of fraud known as the โPhantom Hackerโ scam. In this elaborate con, fraudsters impersonate tech support agents, bank representatives, and government officials to lure older victims into transferring their life savings
When it comes to online scams targeting seniors, most fall into a few common categories:
๐ญ ๐ง๐ฒ๐ฐ๐ต ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐๐ฐ๐ฎ๐บ๐:
Fraudsters use fake pop-ups, emails, or even phone calls to try and make victims believe their devices are infected with viruses. These tactics may pressure older victims into giving up remote access and passwords or sending money to โfixโ the situation.
๐ฎ ๐๐บ๐ฝ๐ผ๐๐๐ฒ๐ฟ ๐๐ฐ๐ฎ๐บ๐:
These scams involve criminals pretending to be someone the target trusts, like a family member or a lawyer. In the grandparent scam, con artists use emotional connections and scare tactics to fool a victim into believing their grandchild needs money to get out of serious legal trouble.
๐ฏ ๐๐ฐ๐ฐ๐ผ๐๐ป๐ ๐๐ฎ๐ธ๐ฒ๐ผ๐๐ฒ๐ฟ๐:
Fraudsters use stolen or leaked passwords to seize control of online accounts, including email or social media. If crooks access financial accounts, they could make unauthorized purchases or withdrawals.
๐ฐ ๐ ๐ฎ๐น๐๐ฎ๐ฟ๐ฒ ๐ฎ๐ป๐ฑ ๐ผ๐๐ต๐ฒ๐ฟ ๐๐ถ๐ฟ๐๐๐ฒ๐:
Harmful software is secretly installed on older adults' devices, putting their personal data at risk. Malicious programs can track keystrokes, access files, and even take over cameras.
๐ฑ ๐ฅ๐ผ๐บ๐ฎ๐ป๐ฐ๐ฒ ๐๐ฐ๐ฎ๐บ๐:
Scammers exploit lonely older Citizens by creating fake online profiles on dating platforms and social networking sites. As they build a romantic relationship online, they gain the victimโs trust before asking for money or an investment in some โlucrative opportunityโ like a cryptocurrency or business venture.
๐ฒ ๐ฃ๐ฟ๐ถ๐๐ฒ๐ ๐ฎ๐ป๐ฑ ๐น๐ผ๐๐๐ฒ๐ฟ๐ ๐๐ฐ๐ฎ๐บ๐:
Older Citizens are told they've won a grand prize or lottery via mail, phone, or email. But to claim their prizes, they must pay processing fees or taxes. The prizes donโt exist, so victims lose their money, get nothing in return, and potentially expose their banking details.
The bottom line: While younger Citizens are actually more likely to fall for scams than older people, elderly Citizens typically lose more making them prime targets for online scammers.
In our next article, we will discuss the 5 Online Safety Tips for Seniors to protect themselves and their loved ones against online scams.
Stay tuned.