Do we really get wiser with old age, or just more vulnerable to all the scammers out there? Here are the top scams directed towards senior citizens.
The phone rings; it’s from the IRS, claiming you owe money.
- Caller ID says IRS (spoof technology).
- Caller says if you don’t pay within 24 hours, you’re going to jail.
- Caller wants your bank account information and routing number, or wants you to wire what you owe.
- Or, caller says IRS owes you, but to get the refund, you must pay a processing fee within 24 hours.
- The IRS never calls people for back taxes; it sends a certified letter.
- Refunds are sent via snail mail without the IRS ever notifying you.
- There’s no monthly payment, but whatever balance and interest has accumulated by the time the borrower sells, it must be paid back. If the borrower dies before this, family members must pay it.
- Misleading ads make it seem this loan is affiliated with the government.
- You CAN lose your home.
- If you run out of equity before you sell or die, you’ll need to repay the loan. If you can’t, it’s foreclosure time.
- The caller identifies self as a grandchild, great niece, etc.
- Or, the caller says he’s your grandchild’s doctor, lawyer, etc.
- The caller is in trouble and wants you to wire them money ASAP.
- They may know details of the person they’re impersonating and you as well, because they’ve visited that person’s Facebook page—and yours.
- If you ask if you can call back, the caller won’t accept this.
- Asking additional questions about the “accident” or “burglary” won’t get you answers.
Obituaries and Funeral Homes
- The caller says that the deceased owes a debt.
- Or, the caller says he provides funeral services.
- The victim is a spouse usually.
- A funeral home that you’re already working with may also try to scam you by talking you into the most expensive casket, memorial plaques, etc.
- Caller or e-mail sender claims to be from the government or authorized by such, to fill your drug prescription at a cheap price.
- You must act now because the great deal is for a limited time.
- If you DO receive something, it’s probably vitamins in a prescription bottle.
- The crook may know details about you from reading your Facebook page.
- A similar scam exists for Medicare.
- Use a mobile phone as much as possible; scammers usually call landline numbers.
- Never answer the phone if the number is unfamiliar or says IRS.
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.
- How to identify Tax Scams
The IRS isn’t your biggest enemy during tax season. It’s the criminals who pretend to be IRS reps and then con people out of their money. They contact potential victims chiefly through phone calls and text messages. Typically, the message is threatening in tone and/or content, informing the target they’ll be arrested if they don’t immediately
- Beware every time the Phone rings
Don’t assume you’ll never be targeted by phone scammers just because you don’t have a cell phone; they continue to feast on landline users, especially those over 50. “This is the IRS…” Drill this into your head: The IRS never calls to collect back taxes. NEVER. A common ploy is to threaten that the listener will go to
- Caller ID Spoofing Effective in Identity Theft
Caller ID spoofing is when a telephone’s caller ID displays a number that does not belong to the person calling. The telephone network is tricked into displaying this spoofed number as a result of flaws in caller ID technology. Caller ID spoofing can look like the call is coming from any phone number. People inherently trust
- Caller ID: Tool for Scammers
Most of us tend to trust the person on the other end of the telephone more than we trust an email in our inbox. However telephone scams continue to plague people and successfully empty the victims bank accounts. Caller ID spoofing occurs when your phone rings and your caller ID displays a name and number that
- Watch Out For Caller ID Spoofing
Caller ID spoofing is the practice of causing the telephone network to display a number on the recipient’s caller ID display which is not that of the actual originating caller. Similar to e-mail spoofing which can make it appear that a message came from any e-mail address the sender chooses, caller ID spoofing can make