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The key to spotting financial abuse is a change in a person’s established financial patterns. Watch out for these red flags:
You, or someone you know, could become the victim of a growing crime in America — financial abuse of older Americans. Seniors are increasingly becoming targets for financial abuse. As people over 50 years old control over 70 percent of the nation's wealth, fraudsters are using new tactics to take advantage of retiring baby boomers and the growing number of older Americans. Senior financial abuse is estimated to have cost victims at least $2.9 billion last year alone.
Learn more about how to avoid a wide variety of cyber threats that have sprung up in the wake of the COVID-19 pandemic, from avoiding e-mails with malicious attachments to phishing scams and bogus charity solicitations. Also get risk management tips for dealing with the spread of coronavirus.
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