Tips for Avoiding Elderly Targeted Scams
The elderly population is the primary target for scams. They are more trusting, and they can feel isolated and therefore talk to people more freely. There is also a disconnect between them and technology, so it is harder for them to detect a scam. However, there are some tips you can share that they can follow to protect themselves a little more from any fraudulent behavior.
Keep sensitive banking information to yourself. There is certain financial information that should not be shared with anyone other than the people you trust the most. This information includes your PIN, SSN, bank account, or card number. Make sure you do not share it over the phone or leave it on any documentation in the trash. Always shred those papers before throwing them away.
Urgency is not good. When someone is doing an urgent sales pitch, you should proceed with caution. Scammers want you to take what they are selling without giving it much thought. You should take the time and decide how to proceed. Never feel obligated to purchase or sign anything right then and there.
Never sign a contract without understanding it. Contracts can be confusing, so never sign one until you are 100 percent sure you understand what it says. Have it looked over by an advisor or a family member.
Always research before donating. A lot of scams front as charities. Therefore, you want to make sure you are researching any organization before you actually donate.
Use services recommended by loved ones. When hiring someone who will be working near, or in your home, make sure that they have been recommended by people you know well. They would never send you someone who is out to hurt you. You may also read reviews and request a background check if it is someone who will be working very closely with you in your home.
Only shop with reputable online companies. Putting your banking information into a website while shopping could be dangerous. You should make sure that it is a pretty well-known company, and that the website has a lock symbol which signifies it is a legit website that will keep your information safe.
Beware of winning trips and prizes. Getting texts or calls about winning prizes is usually a scam unless you have personally signed up for a giveaway. Similarly, make sure you are not giving your private information to a fraudulent competition.
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