Retirees Prime Targets for Identity Theft

Source: National Cyber Security – Produced By Gregory Evans

Well, one thing’s for sure: A disproportionate percentage of identity theft complaints come from people 50-plus (though I’m sure some readers would hardly consider 50-somethings to be seniors—but you get the point). Some scammers go after seniors because they know that many older people have a lot of money saved up. And it’s also no secret that many seniors aren’t as sharp as they used to be, and also are not caught up on technology. Some common scams that target the elderly: A caller pretending to be “your favorite grandson.” This lures the victim into announcing the name of that grandson, and then the crook identifies himself by that name. If the victim has hearing loss, he can’t tell that the caller’s voice doesn’t sound like his grandson. The caller then gives a sob story and asks Gramps to wire him some money. Retirement home employees access resident records for their Social Security numbers and other data, then sell these to crooks. An e-mail supposedly from the victim’s bank (or IRS or FBI) warns them that something is wrong and that they must act immediately to resolve the issue—and the action involves typing in their Social Security number, bank login […]

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