Most seniors have worked their whole lives to enjoy retirement. They have paid their homes off, supported their children, and maybe even saved a little extra to retire comfortably. Then one day your Grandfather gets a call that from their “financial institution” and the person on the other end is requesting their bank information promptly. The person sounds official. They sound credible. So next thing you know, all that hard work and savings is gone. This is sadly what is happening to many older adults in America. Scammers.
Scammers are skilled in knowing what to say to make the story seem credible and new schemes develop constantly. Sadly, seniors are prime targets for fraud because they tend to be more trusting and have financial savings. Some seniors can be forgetful and not be as tech savvy. The people hit hardest — for an average loss of $45,300 — were ages 70 to 79.
(aarp.com)