Seniors are often targeted by financial scammers because they’re seen as trusting, financially stable, and sometimes less tech-savvy. From phone calls pretending to be family members in trouble to fake investment opportunities and online phishing attempts, scammers use a wide range of tactics to steal money or personal information. But with a bit of awareness and a few smart habits, you can protect yourself—or a loved one—from falling victim.
Here’s how to spot the most common scams targeting older adults, along with practical tips to stay safe both online and offline.
Common Scams That Target Seniors
Understanding the types of fraud to watch out for is the first step in staying protected.
1. The “Grandparent” Scam
In this emotionally manipulative scheme, a scammer poses as a grandchild or another family member in urgent trouble—often claiming they’ve been in an accident, arrested, or stranded while traveling. They’ll beg for money and ask you not to tell anyone else.
Red flag: A call or message asking for secrecy, urgency, and money transfers (especially via gift cards or wire transfer).
How to respond: Hang up and call the family member directly to verify the story. Never send money until you’re 100% sure it’s legitimate.
2. Tech Support Scams
Fraudsters may call pretending to be from Microsoft, Apple, or a security company, claiming your computer has a virus. They might ask for remote access or payment for fake repairs.
Red flag: Unsolicited phone calls about “detected issues” or pop-up warnings urging immediate action.
How to respond: Don’t give access to your computer or share any information. If you’re concerned, contact the company directly through their official website.
3. Medicare and Insurance Fraud
Scammers may pose as Medicare representatives, offering fake services or asking for your personal details to issue a new card or confirm coverage.
Red flag: Requests for your Medicare number, Social Security number, or banking information.
How to respond: Medicare will never call to ask for personal information or payment. If you’re unsure, call 1-800-MEDICARE to verify.
4. Fake Charities or Sweepstakes
After a natural disaster or during the holidays, scammers often impersonate charities. Others may claim you’ve won a prize—but first, you need to pay fees or taxes.
Red flag: Requests for donations or upfront payments before you receive a prize.
How to respond: Always research charities before donating and never send money to claim a prize. If it sounds too good to be true, it probably is.
5. Romance or Online Relationship Scams
These scams often start on social media or dating sites, where someone builds an emotional connection before asking for financial help.
Red flag: A person you’ve never met in real life asks for money—often for an emergency, medical costs, or travel to visit you.
How to respond: Never send money to someone you’ve only interacted with online, no matter how convincing their story is.
Tips to Protect Yourself Online and Offline
Even savvy individuals can fall for a well-executed scam. Here are some simple habits to help keep your money and information safe:
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Never share personal information (Social Security number, banking details, passwords) over the phone or by email unless you initiated the contact.
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Be skeptical of urgency. Scammers often create a false sense of crisis to get you to act quickly. Take your time and ask questions.
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Use strong, unique passwords for your online accounts, and enable two-factor authentication when possible.
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Install antivirus software and keep it updated. This helps block malicious pop-ups, phishing links, and other online threats.
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Shred sensitive documents before discarding them—like bank statements or medical bills—to prevent identity theft.
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Hang up on robocalls or unfamiliar callers who ask for personal or financial information.
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Set up call blocking or screening tools on your phone to filter known scam numbers.
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Talk to someone you trust. If something feels off, check with a friend, family member, or financial advisor before taking action.
Resources If You Suspect a Scam
If you think you’ve been targeted or tricked by a scam, report it right away. Quick action can help protect others and potentially limit the damage.
In the U.S., report scams to:
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FTC (Federal Trade Commission): ReportFraud.ftc.gov
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AARP Fraud Watch Network Helpline: 1-877-908-3360
In Canada, report to:
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Canadian Anti-Fraud Centre: 1-888-495-8501 or www.antifraudcentre-centreantifraude.ca
Also contact your bank or credit card company immediately if you suspect fraud on your accounts.
Stay Informed, Stay Empowered
Scammers are getting more creative—but so are the tools and strategies to protect yourself. By staying informed, asking questions, and being cautious with your personal information, you can stay one step ahead. Share this knowledge with friends and family—especially those who may be more vulnerable—to help build a stronger defense against financial fraud. A little vigilance goes a long way in keeping your hard-earned money safe.