posted 16th November 2023
Why Do Scammers Target Elderly?
Scammers target seniors, but it's not just wealthy seniors who are targeted. Lower income older adults are also at risk of financial scams. Ironically, it's not always strangers who are responsible for these crimes. Over 90% of all reported elder abuse is committed by an older person's own family members, most often their adult children, but sometimes it is extended family that commit these crimes.
Unfortunately, these financial scams often go unreported and can be difficult to prosecute, so they're considered a "low-risk" crime. However, they can be devastating to many older adults and can leave them in incredibly vulnerable positions. Because seniors can be more willing to listen, and more trusting, they can be taken advantage of and deceived.
Common Tactics Used By Scammers
Scammers can use a number of tactics to attempt to take advantage of a senior. The most common tactics are trying to befriend their target, using the sympathy of their target. A scammer could approach a senior claiming to need help getting home, or money to repair their car. Even worse they could try to use fear to coerce their victim. The scammer could threaten the senior or their family with harm, or extort them for money.