This can’t be happening. Now, there is now another way for my clients to lose their money and their identities and it isn’t even because of some fraudster. No, this time, the “perp” is a legitimate business failing miserably to protect its “people”. I’m speaking, of course, about the Equifax breach. For 35 years, I’ve seen a lot of scams out …
Be Aware of ID Thieves: How to Spot Them and Counter Them
It is sad to say, but older people are often the primary targets of fraudsters. Seen as trusting and a soft touch, liars, scammers, low grade sales reps, ID thieves and even some charities will try to squeeze what they can out of people who are older. Independence is vital to many people; especially those wanting to age in place, in their …
More Laws For Elder Fraud? No, I Don’t Think So!
A client posed this thought-provoking question: "Do I think the laws are strong enough to control elder fraud? Do we need more laws?" My typical reply would be, of course! We need much stronger laws and legislation to stop this epidemic. As I thought more about this, though, I changed my mind. We have strong legislation on the books. There …
Identity Theft Tips for Seniors
More than 50% of seniors are online, according to Pew Research Center’s Internet and American Life Project in 2012, and this means seniors are utilizing email, social media and online banking. As we age, there is an increased feeling of isolation for various reasons including a loss of social connections, new physical limitations or even a lack of …