Learn practical strategies to protect your parents from elder financial fraud, including how to effectively communicate and educate them.
Guest Blog by Sam Kunjukunju, Senior Director, Bank Community Engagement, American Bankers Association. We’ve seen crisis after crisis in the United States, from freak weather patterns to a world-wide pandemic, but there’s another equally damaging one threatening older Americans across the nation. Elder financial exploitation has been characterized as a ‘silent epidemic,’ resulting in billions […]
Guest Blog by Melissa Sakow, Director of Communications, Older Adults Technology Services (OATS) As internet access expands across the country, opportunities for cybercrime and fraud have increased as well, especially those targeting older adults. Statistics from the Federal Bureau of Investigation show that almost 50,000 people over 60 lost $342.5 million in 2017 to internet […]
Guest Blog by Laura Cook, Esq., Director of Training & Technical Assistance, National Center for Victims of Crime Crimes affecting vulnerable populations, such as older adults, can pose unique challenges to those who advocate for such victims. When it comes to abuse of older adults, we know that approximately 90 percent of crimes are perpetrated […]
Cybercrime affects every age group. Often, older adults are targeted by scammers for their more established savings, medical benefits, tax information, etc. In 2019, the FBI/IC3 received 68,013 complaints from victims over the age of 60 with adjusted losses in excess of $835 million (Keep in mind that age is not a required detail in […]
Guest Blog by Sam Kunjukunju at the American Bankers Association Financial exploitation is one of the fastest-growing forms of abuse against seniors. Labeled as a silent epidemic, older adults lose as much as $36.48 billion each year from financial abuse. As America experiences the age-wave, with Baby Boomers transitioning to their “golden years,” scammers are […]