Key Takeaways:
- 1. American seniors lose over $28 billion to fraud annually, with only a fraction reported.
- 2. Retirement scams are becoming more sophisticated, using personal data to craft convincing offers.
- 3. Seniors are prime targets due to savings and ease of obtaining data.
American seniors annually lose billions to fraud, with retirement scams becoming more sophisticated by using personal data. Scammers target seniors for their savings and exploit data sold by brokers. Prevention is crucial, with warning signs including unsolicited offers and pressure tactics. Protect yourself by removing personal data, verifying sources, and using strong antivirus software.
Insight: Seniors should be vigilant against retirement scams using personal data, taking proactive steps to safeguard their information and finances.
This article was curated by memoment.jp from the feed source: Fox Scitech.
Read the full article here: https://www.foxnews.com/tech/how-scammers-exploit-your-data-pre-approved-retirement-scams
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