We’ve all heard stories of someone who has fallen victim to a financial scam. They come in many forms: from a phone call to an email that appears to come from your financial institution. The ways in which criminals try to fraudulently get your money continue to expand as they create new tactics to trick people into providing confidential information. Older adults – who may have significant savings later in life – are frequently the target of these activities. In addition to financial losses, victims may experience emotional and health consequences such as depression or anxiety.
With the holidays around the corner, and many individuals making purchases online, it’s an important time to educate yourself about the risks and know how to exercise caution. We have compiled the latest resources on the topic to help you.