Online Safety Tips for Seniors
Being online lets you stay abreast of current events, connect with friends and family, shop, manage your finances, play games, and anything else you can think of. Just as you fasten your seat belt before driving, take precautions before using the Internet to be sure you are safe and secure. Know the red flags To begin with, if anyone contacts you and insists on payment by a wire transfer or gift card, it’s a scam. End the conversation immediately. Verify to Clarify Be suspicious of emails, text messages, or phone calls that create a sense of urgency and require you [...]
Elder Financial Fraud and Abuse
Elder Financial Fraud and Abuse Contributed by Tyler Happel, Vice-President, Keystone Savings Bank Elder financial fraud and abuse is a serious issue that has continued to worsen over time as the world becomes more complex. It is estimated that victims of elder financial fraud and abuse lose $3 billion each year. Seniors become targets because they have often taken a lifetime to build enough wealth to retire and possibly leave something behind for their loved ones. Scammers will typically try to build trust with the individual, threaten them, or try to confuse them. These scammers know that Seniors are less [...]