Banks across the country are training their employees on red flags in bank account activity that would suggest exploitation of an elderly person's finances. Some of the red flags include a change in the method of bank activity and a new signature on cards and deposit slips. Sometimes, this training is implemented as a part of Elder Abuse Awareness Month. We hope that all banks in our state will follow suit and provide training for its employees to protect against financial elder abuse!
Have you read the report by the US Senate's Special Commission on Aging? They identified the top 10 frauds that target our seniors across the country. Here is the list that they compiled:
Recently, phone scammers have been targeting Pennsylvania seniors across the state. An article by GoErie.com highlighted this phenomenon, which is important for all elderly citizens and their family and friends to know about! According to the article, a representative from the PA Department of Aging reported that these scams are not uncommon among their 52 area agencies, which represent all 67 PA counties. Many of these scammers pretend to be calling on behalf of friends or family members who are having emergencies and need money sent to them. If an unknown person does call, it is important to never give any personal information, credit card information or your social security number to anyone you don't know over the phone.
The Pittsburgh Post-Gazette ran an article on July 1st, 2013 that took an in-depth look at some recent, prominent scams that are being aimed at the area's elderly population. For each common scam, the article described the offense, how to handle it after it's happened, and how to prevent other possible occurrences from happening. Some of the scams the newspaper article covered included:
In our second week, it's Throwback Thursday on our blog! Take some time to read one of our most popular blogs form several years ago. It highlights the important issue of elder abuse on the national scale! Please read the original article below:
Seniors beware! Some areas of the country are reporting an increase of the number of scams, especially now that the warmer months are upon us. Seniors are unfortunately one of the most susceptible groups for these scammers to target. Most recently, there have been reports of funeral cons, exploiting grandchildren, and home improvement scams. To read more about these issues, please click on this link to the Investopedia.com article.