Scams and financial fraud can affect anyone, but older adults are often targeted because criminals assume they may have savings or less familiarity with new technologies. The good news is that there are proactive steps seniors and their families can take to reduce risk and stay safe.

Common Scams Targeting Seniors

According to the Federal Trade Commission (FTC) and AARP, the most frequent scams targeting older adults include:

• Phishing emails and phone calls asking for personal or financial information
• Impersonation scams, where someone claims to be from a bank, utility company, or government agency
• Investment or "too good to be true" schemes promising high returns with little risk
• Grandparent or family scams, where fraudsters claim a relative is in trouble and needs money quickly

Key Prevention Strategies

1. Verify Before Acting: Always confirm the identity of anyone requesting personal information or money. Call official numbers directly, and do not trust caller ID alone.
2. Limit Sharing Personal Information: Avoid posting birthdays, addresses, or financial details online, and be cautious when giving information over the phone.
3. Use Strong Online Security: Strong, unique passwords, multi-factor authentication, and secure devices can significantly reduce risk.
4. Monitor Accounts Regularly: Check bank and credit card statements frequently. Promptly report any suspicious transactions.
5. Educate and Engage Family Members: Discuss common scams and strategies to stay safe with trusted family or caregivers. Shared vigilance helps prevent fraud.
6. Work with Trusted Financial Institutions: Your bank can help detect unusual account activity, provide fraud alerts, and offer guidance on secure banking practices.

Community Support Matters

Financial fraud prevention is most effective when it combines knowledge, technology, and personal guidance. By staying informed and taking small, consistent steps, seniors can protect their savings and financial independence.

We're committed to helping all members of our community, especially those who may be more vulnerable to scams, feel secure and supported in their financial decisions.