Rising Cases of Elderly Financial Abuse California, Elderly’s MUST-KNOW About Online Scams

In this article, the elders are reminded of how to recognize and protect themselves from online scams. ‘Elderly financial abuse California’ cases have been rising, highlighting the vulnerability of older individuals to digital scams, and emphasizing the importance of safeguarding against financial exploitation.

As modern times go by, online scams are in different parts of the internet. ‘Elderly financial abuse California’ cases are rising, and we must educate people, especially the elderly who are more prone to fraud, to identify and protect ourselves from scams. (PHOTO: CNBC)

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Elderly Financial Abuse California Learning Sessions, How to Identify and Protect Yourself from Online Scams

Amidst the rising cases of ‘elderly financial abuse California’, an essential learning session on ‘Elder Abuse Fraud’ has taken place in East San Gabriel Valley Japanese Community Center in West Covina. This initiative was led by the collaborative efforts of the community center and the Federal Bureau of Investigation (FBI), according to Eyewitness News. This aims to empower seniors to recognize and protect themselves against online scams.

According to Hebrew SeniorLife, an affiliated organization of Harvard Medical School, they noted HOW TO IDENTIFY ONLINE SCAMS targeting the elderly:

• fake lotteries demanding fees for supposed winnings,
• grandparent scams posing as relatives in distress,
• tech support scams requesting payment for unnecessary services,
• phishing emails seeking personal information,
• false online shopping sites collecting payment details,
• romance scams manipulating victims emotionally,
• IRS and Social Security impersonations,
• Medicare fraud attempts,
• fake investment opportunities

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If the elderly identify these scams, they must learn HOW TO PROTECT THEMSELVES FROM ONLINE SCAMS. This is essential amidst the rising cases of ‘elderly financial abuse California’.

• take time to think,
• refrain from answering calls from unfamiliar numbers,
• avoid odd payment methods,
• watch for threats,
• be wary of fake IDs,
• be cautious of impersonation,
• don’t share personal info,
• avoid suspicious links,
• ask others for advice,
• enhance account security

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Elderly Financial Abuse California: FBI Data Reveals a Decrease of Fraud Victims Over Past 5 Years

Tony Tang, the program director at the East San Gabriel Valley Japanese Community Center in West Covina, said “It’s really hard for them to spot what these scams look like, especially if you don’t use the computer a lot or get on the internet,” he noted in the report regarding ‘elderly financial abuse California’.

Thankfully, FBI data regarding ‘elderly financial abuse California’ showed a decrease in the reported number of fraud victims over 60 in the past five years – from over 100,000 in 2020 to 88,000 in the previous year – the monetary losses incurred reached an alarming $3.1 billion, as reported. FBI officials, however, stressed that these statistics may not be final, as many instances of elder abuse fraud go unreported.

As the initiative gains momentum amidst ‘elderly financial abuse California’, the hope is that seniors will not only be equipped to protect themselves from scams but also inspire a culture of awareness and prevention within their community.

NOTE: If you are a victim of an online scam, the Department of Justice (DOJ) offers a hotline for elder fraud assistance and reporting to the Internet Crime Complaint Center (IC3). You can reach them at 833-FRAUD-11 (833-372-8311). Victims can also contact the FBI Springfield at 217-522-9675.

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