Seniors are a fraud target for specific reasons. Know them.
Seniors are disposed to fraud schemes because their generation is more trusting and less likely to end conversations. Fraud seeking telemarketers build relationships with seniors and gain their trust before victimizing them. Unfortunately, scammers leave behind financial losses and even suicides.
According to the Canadian Anti-Fraud Centre, seniors are a fraud target for several reasons:
They are lonely,
They lack family support,
They’re vulnerable due to age and health-related reasons like Alzheimer’s.
Here are the steps to prevent senior scams:
1. Help your senior understand they are at risk for scams. This applies to strangers and sometimes those closest to them.
2. Keep your senior from being isolated. Help them get involved with family, friends, and social activities.
3. Tell your loved one to get offers in writing.
4. Shred all sensitive documents: credit card information, social security numbers, and financial accounts.
5. Sign up for the Do Not Call list located at https://www.lnnte-dncl.gc.ca/insnum-regnum-eng.
6. Enroll in direct deposit for benefit checks to avoid mail fraud.
7. Advise them to never give out financial information over the phone unless they initiated the call.
8. Tell them to be skeptical of all unsolicited offers and to become an informed consumer before making any purchases.
If your senior is a victim of senior fraud, here are some key steps to take:
– Contact the local police department and the Toronto Elder Abuse Agency
– Call your bank and/or Credit Card Company.
– Cancel any stolen debit or credit cards.
– Contact the Canadian Anti-Fraud Centre
It’s not always easy to spot a scam, and new ones are invented every day. If you suspect that you are a target of fraud, or if you have already sent funds, don’t be embarrassed – you’re not alone. Toll Free: 1-888-495-8501
Wanting your elderly loved one to be safe at home? Learn how we can help them by calling CalaCare at 1-888-774-CALA (2252).