According to the FBI’s Internet Crime Complaint Center, elder fraud is increasing at a rapid pace.

Within the aging population, scams like identity theft, investment fraud, and phishing are increasingly common, targeting seniors' trust and finances. As technology advances, fraud methods become more sophisticated, highlighting the need for families and caretakers to be vigilant.

Addressing elder fraud is crucial for safeguarding older adults' financial well-being and preserving their
dignity and trust.

Contractor Fraud

Common Scams

Investment Fraud

Grandparent Scam

Government Impersonation

Confidence Scam

Signs that may increase vulnerability

  • Taking longer to complete everyday financial tasks such as paying bills

  • Showing reduced attention to details of financial documents (e.g., due dates)

  • Decline in math skills

  • Decreased understanding of financial concepts such as a medical deductible, identifying duplicate bills/overpayments)

  • Difficulty identifying financial risks

Tips to Avoid Elder Financial Abuse

  • Have a conversation around elder fraud and common telephone scams with family members

  • Never share any personal information with anyone on the telephone

  • No request for money is so urgent that it must be conducted while on the telephone.  Never arrange for funds or give credit card information over the telephone regardless of how urgent the request appears.

  • Designate a family member, attorney or trusted friend to call for help with verification if anyone contacts you for money

  • Monitor credit card and bank statements regularly