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Raising Elder Fraud Awareness to Prevent Real Estate Scams

FICO

It’s June, a special month for honoring loved ones, especially parents and grandparents by raising Elder Abuse Awareness. World Elder Abuse Awareness Day is officially June 15th and it’s an ideal time to educate oneself on how to protect elders from becoming victims of financial abuse.

Scams 98
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Elder Fraud: 5 Ways to Protect the Ones You Love

FICO

Did you know that today is World Elder Abuse Awareness Day ? In addition to being a passionate defender in the fight against child identity fraud , I am also an ardent supporter of elders’ financial well-being. Be on the Lookout for Scams. Play a voicemail message from a travel-award scam, if you get one.

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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

Elder financial exploitation is a common issue throughout the United States. A study published in the American Journal of Public Health found that more than 5% of the elderly population experiences some kind of fraud or scam every year. incidents of elder financial exploitation were committed in 2017 alone.

FinTech 73
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Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

PYMNTS

Fake Grandchild Scam. Among the most common methods of fraud is the fake grandchild scam. PYMNTS readers no doubt know how the scam works, but Experian provided a helpful explanation. But bank employees are learning to recognize when their customers are in danger of falling for the scam. Other Scams.

Scams 74