Understand their risk
Financial scammers go where the money goes. They know that older adults, with lifestyles funded by pensions and life savings, are generally wealthier than younger people. The cons also take advantage of the elderly’s susceptibility to cognitive impairment and memory loss. “[Seniors] are more trusting and more needy,” wrote Marc Barach, chief marketing officer at Jumio, a business that works with companies such as United Airlines and Airbnb to reduce fraud, in a column on Forbes. “A large group of people are joining the information-sharing world later in life, with less knowledge about the internet and privacy laws.” Check out these 10 ways to protect yourself online.
Limit marketing offers and robotic calls to their home
Because retired adults are generally home a large percentage of time, they are also more susceptible to scammers who might target their landline. Get your parents on the Do Not Call list and advise them to never give out financial information over the Internet, through e-mails or mail, or over the phone, unless they are the caller.