Common Scams Targeting Older Adults and Grandparents

Security

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4.10.23

Common Scams Targeting Older Adults and Grandparents


Know how to recognize and avoid common trending scams to protect you and your family members from falling victim.

Government Impersonation Scams
Scammers use scare tactics to force individuals to wire money, send a prepaid credit card, gift cards or cashier’s check by pretending that they’re a trusted individual from a government agency like the Social Security Administration or the IRS.

Tip: Any government agency will first contact you through the mail, never by phone or email.

The Grandparent Scam
Scammers trick the victim by pretending to be family, a bail bondsman or an emergency service, notifying that their grandchildren are in dire need of money. They ask for funds to be sent through person-to-person payments or wire transfers.

Tip: Do not answer phone calls from numbers that you don’t recognize; let the call go to voicemail. Use a separate source such as the internet or a reverse phone lookup search engine to verify the company. Companies will not call or email you and ask for a cash payment to help a relative.

Counterfeit Prescription Drug Scam
Scammers entice the elderly with promises of prescription drugs or “miracle” drugs that can cure certain ailments at a majorly discounted rate but oftentimes the medication never arrives.

Tip: If purchasing prescriptions online, make sure they’re approved by the National Association of Boards of Pharmacy. It is best to always consult your physician.