Scammers frequently target older adults through investment fraud, online purchase scams, and home improvement cons. The Better Business Bureau (BBB) urges seniors to stay vigilant by researching investments, verifying online sellers, and hiring only trusted contractors. By recognizing the warning signs and reporting suspicious activity, older adults can protect themselves from financial harm.
Tag: online scam
Social Isolation and the Risk of Investment Fraud
In this insightful article, Anna Rushton from the South Carolina Securities Division explains how social isolation makes individuals, particularly seniors, more vulnerable to investment fraud. She highlights common scams, including Ponzi schemes and online romance scams, which often target the socially isolated. Rushton offers practical advice on protecting yourself, such as conducting thorough research, checking the registration status of investment advisors, and staying informed about scam tactics to avoid becoming a victim.
BBB Advises to Beware the Chill of Fall and Winter: Scams Targeting Seniors
BBB Advises to Beware the Chill of Fall and Winter: Scams Targeting Seniors By Chris Hadley, President & CEO, BBB… Read more »
Secure Your ID: Everyday Habits to Safeguard Your Identity
Shred statements and applications you get in the mail that you don’t want to keep, including credit card applications, insurance forms, financial… Read more »
