It seems that each day there are shocking news stories about everyday citizens experiencing fraud in one way or another. The elderly, unfortunately, are especially vulnerable to predators.
Donna Moses, lead member victim advocate in Suncoast Credit Union’s Risk Management Department for nearly 40 years, said, “Technology makes it easier for scammers to commit fraud through channels such as text messages and emails. You have to remain on alert. If it sounds too good to be true, it likely is.”
Moses added, “Elderly people are often trusting, so they can be easy to convince. Since they have nest eggs, and access to credit to obtain funds, scammers are more likely to target them.”
Moses suggested that there are three things you should never do:
• Never send or receive money from someone you have never met in person, even if you ‘met’ them online.
• Do not give anyone access to your computer, credit cards or your financial institution’s online banking information, especially over the phone or through text.
• Never let someone convince you to do something you normally would not do, like mail or receive cash.
Moreover, according to Moses, three things you can do to be safe are:
• If you did not initiate a phone call, hang up. Do not provide them with…