Senior Security: Fraud & Identity Theft
When you consider fraud & identity theft, the first culprits that come to mind are telemarketers, when actually, those closest to the targeted victim are most likely the offender. This includes financial advisors, home health workers and even family members.
According to The National Adult Protective Services Association:
- 1 in 9 seniors reported being abused, neglected or exploited in the past twelve months; the rate of financial exploitation is extremely high, with 1 in 20 older adults indicating some form of perceived financial mistreatment having occurred in the recent past
- Elder abuse is vastly under-reported with only 1 in 44 cases of financial abuse is ever reported