Financial fraud targets older adults, especially women. How to recognize and prevent it

In an increasingly digital world, the specter of financial fraud looms large, especially for older adults. My experience with an 81-year-old client offers a stark illustration.
While assisting “Emma” (not her real name) with email issues, I witnessed her vulnerability to scams firsthand. Despite my repeated warnings over the years, she had readily shared personal information with unknown senders, believing she was being conscientious or supporting noble causes.
This behavior soon led her into a fraudulent scheme, where she nearly lost $4,500 to a scammer masquerading as a computer services provider. This incident was not the first Emma had experienced, but it was the most brazen.
Emma’s story is not unique. It reflects a growing trend of elder fraud, which is both sophisticated and damaging.

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