Here are 7 practical ways older adults can protect themselves from scams:
*Never give out personal information unexpectedly.
Do not share your Social Security number, Medicare number, bank account information, passwords, or credit card numbers unless you initiate the contact and know exactly who you're dealing with.
*Be skeptical of unsolicited calls, emails, texts, and social media messages.
Scammers often pretend to be government agencies, banks, utility companies, tech support, or even family members. If you're unsure, hang up and contact the organization using a phone number you know is legitimate.
*Take your time before making financial decisions.
Scammers create a false sense of urgency by saying you must act "right now." A legitimate business or government agency will not pressure you to make immediate payments or decisions.
*Never pay with gift cards, cryptocurrency, wire transfers, or payment apps when someone demands it.
These payment methods are favorites of scammers because they are difficult or impossible to recover. Government agencies and reputable businesses do not require these forms of payment.
*Verify before you trust.
If someone claims to be a grandchild in trouble, a bank employee, or a government official, verify the story independently. Call a trusted family member or the organization using an official phone number—not one provided by the caller.
*Keep technology and accounts secure.
Use strong, unique passwords, enable two-factor authentication when available, keep your computer and smartphone updated, and install security software from reputable providers.
*Talk to someone you trust before sending money.
If anyone asks for money unexpectedly or offers an investment that sounds too good to be true, discuss it with a trusted family member, friend, financial advisor, or attorney. A second opinion can prevent costly mistakes.
Remember these warning signs:
You're told to keep the transaction secret.
You're pressured to act immediately.
You're asked to pay in gift cards, cryptocurrency, or wire transfer.
The offer sounds too good to be true.
Someone asks for passwords or verification codes.
You're threatened with arrest, loss of benefits, or account closure.
If you get a notification to renew an expiring credit card, check your credit card to make sure it is really expiring and do not renew online. A new card should come to you from your credit card company
Following these seven practices can significantly reduce the risk of becoming a victim of fraud while helping older adults feel more confident handling unexpected requests for money or personal information.
