Key Takeaways:
- 1. Seniors in the U.S. lose over $28 billion annually to fraud, with 70% coming from people they know.
- 2. Family fraud often involves estranged relatives manipulating personal data for financial gain.
- 3. Taking steps to remove personal information from the internet and unlist phone numbers can protect elderly family members from scams.
Seniors in America face a significant risk of fraud from people they know, including family members. Family fraud often involves exploiting personal information, such as reconnection with estranged relatives or identity theft. To protect elderly loved ones, it is crucial to remove personal data from the internet, unlist phone numbers, and monitor their identity for potential fraud.
Insight: Preventing family fraud requires proactive steps to safeguard seniors' personal information and communication channels to reduce their vulnerability to scams.
This article was curated by memoment.jp from the feed source: Fox Scitech.
Read the full article here: https://www.foxnews.com/tech/5-steps-protect-your-finances-from-family-scams
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