Categories
Small Business Funding

Scammers often target older people who are lonely NECN [Video]

The holidays are a time to gather with friends and family, but it can also be isolating — especially for some older adults. That can make them prime targets for scammers.

For older adults who may not have regular contact with family or friends, a call or message from a stranger can feel like a lifeline. But often, it’s just a setup for fraud.

“It’s majorly concerning, because so many of the scams really target people trying to get close to them becoming their friend. And then that is the entry point for asking for loans, asking for money,” said Sandy Markwood, CEO of USAging.

Seniors turn to the internet for social interaction and companionship, making them more vulnerable to fraud. Scammers can pose as a long-lost friend, a government official, or a romantic partner — exploiting them for personal information and their money.

“There are just all of these scams …

Watch/Read More