How to Protect Seniors From Scams

In today’s digital age, senior scams have become increasingly common, with fraudsters finding new ways to exploit and deceive older adults. The stakes are exceptionally high for those living on fixed incomes and saving for significant future expenses, such as medical care or moving into a senior living community.

Understanding and recognizing these threats is critical for seniors and their family members. But how can you protect your loved ones against deceitful schemes?

Scams Targeting Seniors Are On The Rise in Houston, TX

One particularly alarming trend on the rise is Houston scams targeting seniors. Tricksters use sophisticated tactics to defraud seniors out of their hard-earned savings and even their homes.

Take, for instance, the distressing story of a retired Houston teacher who was approached by a self-proclaimed real estate investor. With a mix of charm and deceit, he convinced her to sign over her house. She lost her home and received nothing in return.

This story is just one example of how scammers prey on lonely older adults, exploiting their trust and possible lack of familiarity with specific legal or financial processes.

According to a report by the Houston Chronicle, seniors in the city lost more than $243 million to scams in 2022 alone. This staggering figure highlights the financial impact on the elderly community and the emotional and psychological toll these incidents can take.

It’s not just about the money; it’s about the betrayal of trust, the loss of security, and the feeling of vulnerability that comes with being a fraud victim.

We must guard seniors from these frauds. Protecting them involves safeguarding their financial assets and preserving their dignity, independence, and trust. By staying informed about potential scams and taking proactive steps, seniors and their families can fight against these unscrupulous individuals, allowing them to have peace of mind in retirement.

Why are seniors targets of scams?

Many seniors have been able to avoid fraud. However, not all older adults are as lucky.

Con artists often see members of this population as easy targets, and many senior aid scam calls are difficult to prosecute or go unreported. The U.S. Senate Special Committee on Aging Fraud Hotline received over 8,000 calls in 2015 to 2020.

Scams targeting seniors can take many forms. Some tricksters pretend to be from a government agency, such as Medicare, or a family member in need. They might call, text, or email, asking for money or information like bank account numbers or social security numbers.

Common Types of Scams Targeting Seniors

Tech Support Scams

In tech support scams, seniors receive a call from someone claiming to be a computer technician. The caller may say they’ve detected a virus on the senior’s computer that poses a serious threat.

These scammers are persuasive, using technical jargon to confuse and convince their targets of a non-existent problem. They then offer to fix the issue for a fee or ask for remote access to the computer. Giving them access can lead to the theft of personal information or the installation of malware.

It’s important to remember that legitimate companies do not make unsolicited calls to help fix computers.

Grandparent Scam

The grandparent scam preys on the love and concern seniors have for their family members. A scammer will call a senior, pretending to be a grandchild in distress. They might claim to need money urgently for:

• Bail
• Rent
• Hospital bills
• Investment opportunities

These con artists can be incredibly convincing, sometimes knowing names and details that lend credibility to their stories. Before acting on such requests, verify the caller’s identity by hanging up and calling back on a known phone number for that family member.

Romance Scams

Romance scams target seniors looking for companionship. Scammers create fake profiles on dating sites or social media platforms, building long-term relationships with their victims. Once trust is established, they fabricate stories about needing money for emergencies, travel, or medical expenses.

These scams can be particularly devastating financially and emotionally, as victims believe they are helping someone they care about.

It’s vital to approach online relationships cautiously and never send money to someone you haven’t met in person.

Lottery Scam

Lottery scams begin with an exciting announcement: You’ve won a big prize! However, there’s a catch—you must pay a fee to claim your winnings. These “fees” are just a way for scammers to take your money.

Remember, legitimate lotteries do not require winners to pay fees upfront. If you receive such a notification, ignore it. Sharing this information with friends and family can also help protect them from falling victim to these schemes.

Six Steps to Protecting Seniors from Scams

1. Don’t Share Personal Information: Never give out personal information over the phone or online unless you are 100% sure who you’re talking to.

2. Hang Up on Suspicious Calls: Hang up if a phone call feels wrong. It’s okay to be rude if you feel threatened.

3. Check Caller ID: Be cautious even if the caller ID looks real. Scammers can fake numbers.

4. Talk About Scams: Discuss types of scams with friends and family. Knowing about them is the first step in avoiding scams for seniors.

5. Report Suspicious Activities: If you see something strange, report it. Your action could help stop senior fraud and scams in Houston, TX, and beyond.

6. Secure Financial Information: Keep bank accounts and credit card info safe. Only share these details with trusted people.

Remember, these tricks can fool anyone, especially when the scammers are clever. By staying informed and cautious, we can protect our loved ones from falling victim to elder fraud.

Avoid Scams With Senior Living in Houston

At StoneCreek of Copperfield Senior Living, we understand that lonely seniors are often targets for scams. Within our vibrant community, there’s power in numbers. Our residents always have friends and dedicated team members to consult if they suspect a scam is targeting them.

Don’t navigate these challenges alone; join a community where your well-being is our priority. Contact us for more information on how we can help protect you or your loved ones.