Elder Financial Abuse Is Increasing
Financial Advisor Magazine reported that senior citizens lose at least hundreds of millions of dollars each year to fraud and various scams.
Retirement Accounts Targeted by Cybercriminals
Unlike with stolen credit cards, a saver's losses to fraud in retirement investment accounts aren't limited by federal law, although mutual fund companies typically say they'll reimburse funds lost to fraudulent activity.
Scams are Being Perpetrated on Veterans, Active Military and Their Families
In 2018, 9.4% of all reports to BBB’s ScamTracker came from military personnel, veterans or their spouses, BBB of Metropolitan New York said.