Everyone has a role to play in identifying and preventing financial elder abuse. The following are signs to watch for, that it could be happening to an older person you know.
Types of fraud
Learn how to spot frauds and scams and what they look like.
Grandparent scams and how to avoid them
In grandparent scams, the scammer will pretend to be your grandchild. Scammers may say they urgently need cash from you. Follow these tips to avoid becoming a victim of this scam.
Be cautious with celebrity endorsements
Famous people are often used to promote products and services or to help raise awareness for events or special causes. Increasingly, some celebrities are endorsing investments or products marketed as investments.
Boiler room scams
Investment scams are often pulled off by a team of people who set up a makeshift office, called a “boiler room”.
Pump and dump scams
In a typical “pump and dump” scam, a fraudster offers you what appears to be an incredible deal on a stock, described as a once-in-a-lifetime investment. Find out more.
Spotting fakes and verifying legitimate websites
It’s not wise to click on a weblink to a company in an unsolicited email — even if it’s a company you know. Here are four ways to spot fake websites.
Fraudster trick – Email spam attack
An email bomb is a distraction technique used by cyber fraudsters to bury legitimate transaction and security messages in your inbox with hundreds or even thousands of duplicate junk emails.
Phishing scams
If you’re getting texts from seemingly legitimate sources asking you for personal information, it could be a phishing attempt.