Scams targeting Older People

1 June 2018

Older Lady

Image Source: Aged Care Guide

A high alert has been issued for all Australians after a new report has revealed that more money was lost to scammers in 2017 than any other year on record.

According to the Aged Care Guide, the Australian Competition and Consumer Commission (ACCC) reported a $40 million increase in reported losses due to scams and that investment scams were most common with Australians aged between 55 and 64. Those aged over 65 lodged the highest number of reports

Some advise by the Aged Care Guide include:

  • Thinking twice before handing over any personal information
  • Never give anyone you don’t know access to your computer
  • Be wary of transferring money online unless it is to a secure site
  • Don’t be taken in by the prospect of a surprise win
  • Be wary of anyone who asks you to pay in iTunes vouchers or gift card
  • If it sounds too good to be true, it probably is
  • If it doesn't feel right, hang up the phone or hit delete.

If you think you have been scammed, contact your financial institution, the ACCC’s Scamwatch, or the police immediately.

To read the full article, click here.

Article source: Aged Care Guide.

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