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Just as technology, and dynamic problems relating to it, has evolved, so have finances and vulnerabilities associated with them. There are individuals that seek to steal money from anyone they can. Typically, senior citizens are more vulnerable to financial scams than other demographics, but anyone can fall victim to a scammer. For the overwhelming majority of the financial crimes, an elderly person loses out on their hard earned money because they fall victim to a phone call or email that targets them. The phone call can be personalized and target their emotions or hopes/dreams. The scammer could try to claim that the victim has won money or a car, or act like a relative that is in distress. Though technology can play a role in other types of scams (stealing credit card numbers, etc.), typically social engineering is used to defraud someone. This presentation discusses ways of identifying problems before falling victim to any type of scam.
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