People — Prime Target for Identity Theft — Beware!

Acute dangers for couples frequently overlooked.

Retirees have become the latest targets for identity thieves. The reputable Experian Credit Bureau Company ran a survey which showed that 11% of individuals over age 65 reported that they have had their financial information stolen. And in accordance with the Federal Trade Commission, identity theft among senior citizens has almost tripled over the past couple of years.

Seniors are exposed to fraud, and also also the reason is that Medicare, the principal type of health insurance among the older, uses Social Security Numbers to identify its beneficiaries. These SSN are relatively easy to get hold of with staff members in retirement homes and the help of professionals that are unscrupulous, a lot of whom have access to information that is private.

Another dilemma is how older folk are unable to track their accounts and intermittent transactions can remain undiscovered for some time. Scammers are of the view that pensioners have money reserves which many are not informed, so will fall for an online scam.

The con-artists proceed to bombard retirees with offers that appear too great to dismiss, and there are frequent requests that purport to come from the banks, to update personal information, or run the risk of their accounts being frozen.

Alas, a lot of take the bait and the scammers make a killing!

The kind of risks couples face.

Folk face numerous risks that need to be managed. Longevity also plays a role, and people which have other cash resources and investments, sound financial management, and need planning that is efficient. From the hype of stock exchange returns, inflation, and taxation, identity theft is often overlooked. This can lead to your reputation in your twilight years.

It is sad to note that there’s this tendency for identity theft the place where the elderly should feel safe, in retirement homes.

Here are a few examples which have been supplied from the Fraud Resolution Agents, that have made it their business guide and to help retiree sufferers.

  • Staff members with easy access to resident records are enriching themselves by promoting SSN and other personal information to offenders.
  • Medical advice and life insurance particulars are also big sellers.
  • Their report included details of an older woman who had been taken advantage of in a Care Home, also dropped $16,000 which was never recovered.
  • Another story is that of a registered nurse in a nursing home who stole more than $5000 from a patient that trusted her, and used it to buy both products and services.
  • Fraudulent e mails asking details to update card and bank documents.
  • Con-artists who have obtained personal details often call seniors pretending to be long-lost relatives with a sob story, who state they’re in desperate need of money.

These are merely some of the ways. Because people are more vulnerable than they were I the past, traumatic events such as identity theft and theft, may have a negative influence on their health and well-being.

Victims need to experience trauma counselling to recover confidence and reassurance.

How you, as a retiree, can shield yourself.

These steps can help you protect yourself from fraud and identity theft.

  • Shred anything with personal data which you no longer need.
  • Do not keep your social security card, pin numbers, or passwords on your wallet.
  • Don’t respond to emails that appear to come from the bank or card companies. It is nothing but a fraudulent way to receive your own personal details.
  • Blow Off SMS or phone calls which advise you which you’ve got unclaimed lotto, or other winnings. You can’t be winner, In case you haven’t bought a ticket!
  • Keep copies of your credit cards, SS card etc in a safe place at home. You will have access to information if anything is stolen.
  • Maintain a close watch on your bank statements. Immediately any charges, or more serious, withdrawals you have not authorised.
  • If you don’t have any relatives you don’t know about, do not dish out any cash to someone who claims to be a relative, no matter how desperate they sound.

The most important thing to do to protect yourself, is to keep vigilant, and to query anything and everything. There’s almost no possibility that you will ever get it back, Should you lose you life’s saving again.

What you could do to help safeguard older parents out of identity theft.

As your parents age, they will become more vulnerable to outside influences, particularly the efforts of scammers. They may be in their own homes and largely self- reliant, or they may be in a retirement home, but no matter where they are be to protect their life savings

Here are.

  • It’s important to educate them about the actual risks of identity theft, and some of the tips the criminals use, such as fraudulent emails, phone calls, and SMS.
  • Offer to assist with the regular observation of their bank and card statements to make sure there is not anything fishy going on.
  • Encourage them to keep private documents, credit and social security cards, locked out in a safe safe.
  • Explain the advantages of a good credit report company which helps to stop identity theft by alerting them to some critical modifications to their own reports, as far as a change in name or address.
  • Assist them to select a good, reliable firm, and assist through the join process.
  • Most importantly, let your elderly parents understand that you are always on hand to help with any uncertainties that might arise.

As stated by the US Department of Justice, identity theft is currently the number one crime in America, surpassing even the scourge of drug trafficking.

Criminal attacks on retirees is contained in this amount, and it is essential that Care, Nursing, and Retirement Homes do to guarantee the protection of personal information of the residents in their establishments.

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