How to Protect Yourself from Scammers: A Guide for American Retirees
Jun 25, 2024 4:00 AM
How to Protect Yourself from Scammers: A Guide for American Retirees
In a shocking revelation, the FBI’s latest report on elder fraud shows that scammers stole an astonishing $3.4 billion from American retirees in 2023. The average victim lost nearly $34,000, with a significant portion of these losses attributed to investment scams involving cryptocurrency, like Bitcoin.
Understanding the Threat
Elder fraud is a growing concern, with scammers targeting retirees through various deceptive schemes. Nearly one-third of the money lost went to investment scams, where victims are often promised fast and high returns. Remember the age-old adage: if an opportunity seems too good to be true, it probably is.
Key Tips to Protect Yourself
Avoid Sending Money to Strangers: Never send money to anyone you do not personally know, especially someone you haven't met in person.
Consult Before Acting: Resist the urge to act immediately on financial opportunities or requests for money. Always talk to a trusted friend or family member if you have any doubts.
Be Cautious with Downloads: Be careful about what you download on your devices. Scammers can use malicious software to steal your personal information.
Conclusion
Having covered scams for three decades, I’ve seen firsthand how scammers continually find new ways to exploit individuals. By following the advice outlined above, you can significantly reduce your risk of falling victim to these scams. Stay vigilant and protect yourself and your loved ones from financial fraud.
Stay safe, and stay informed.
