By Jonathan van Bilsen
As the population ages, seniors are increasingly becoming targets for scams and fraudulent schemes. With advancements in technology and changes in social dynamics, scammers have developed more sophisticated methods to exploit the vulnerabilities of older adults. From financial scams to healthcare fraud, seniors are facing a multitude of threats which can jeopardize their financial security and well-being.
One of the most common scams targeting seniors is financial fraud. Scammers often use tactics, such as: phishing emails; phone calls, impersonating government officials or financial institutions; and fraudulent investment schemes, to trick seniors into handing over their money. These scams prey on seniors' trust and lack of familiarity with technology, making them more susceptible to manipulation.
Healthcare fraud is another significant concern for seniors. Scammers may pose as healthcare providers or insurance representatives, offering fake medical services or products at exorbitant prices. They may also exploit OHIP programs, by billing for services which were never provided or charging for unnecessary procedures. Seniors' reliance on healthcare services and insurance coverage, make them prime targets for these types of scams.
Social isolation is a contributing factor to the vulnerability of seniors to scams. Many older adults live alone or have limited social interaction, making them more susceptible to manipulation by scammers, who prey on their loneliness and desire for companionship. Scammers may use online dating sites or social media platforms to establish fake relationships with seniors, only to exploit them for money or personal information.
Furthermore, cognitive decline associated with aging can impair seniors' judgment and decision-making abilities, making them more susceptible to scams. Memory loss, confusion, and difficulty processing information can make it challenging for seniors to recognize fraudulent schemes, or remember previous warnings about scams.
To address the issue of seniors being scammed, there is a need for increased awareness and education. Seniors should be informed about common scams targeting older adults and be equipped with strategies to protect themselves. This includes being cautious about sharing personal information, verifying the legitimacy of callers or emails, and seeking advice from trusted family members or financial advisors before making any financial decisions.
Remember, never give out personal information to ANYONE you do not personally know, and never give money to any cause unless you are 100 percent aware of who they are and they are real.
Jonathan van Bilsen is a television host, award winning photographer, published author, columnist and keynote speaker. Watch his show, ‘Jonathan van Bilsen’s photosNtravel’, on RogersTV, the Standard Website or YouTube.