What you should know about Financial Fraud Protection
Financial Fraud Protection Series
Episode #1 What is elder financial abuse?
Lets talk about a topic we believe needs spotlighting - Financial Fraud Protection.
Glenn Dibley has created a 4 part series in hope to help you with some insights and prevention. In this episode he spotlights elder financial abuse.
Financial abuse can occur from strangers, friends, or even family members, and can take many different forms, such as scams, fraud, emotional blackmail, and theft. Elderly are especially susceptible to this form of abuse, and the effects can go beyond monetary loss, such as generating worry and sadness or denying access to food, medical care, and safety. They tend to be less tech-savvy than their younger counterparts, and this puts them at greater risk of falling victim to online scams or fraud. Additionally, it’s hard to assess the full magnitude of the problem because a lot of people don’t realise they’ve been the victim of a scam or fraud. And those who are aware may feel ashamed to admit it or report it. However, that the real impact of these scams and fraudulent activity is a great deal larger than many people may imagine, with the available statistics not making for pleasant reading – for example, in 2020 there was $176 million in lost funds reported to Scamwatch and 41% of this amount was for people aged 55 and over.
In this short video Glenn shares:
What it is?
How you can spot it
What you can do about it
If you feel you need support please reach out. Fortunately there is plenty of support services available.
DOWNLOAD YOUR FINANCIAL FRAUD PROTECTION GUIDE
You may also like
