A Seniors Guidebook to Safety and Security by the Royal Canadian Mounted Police
A scam exists for everyone ! However, the elderly are particularly targeted as they are more vulnerable to scams. This is because they tend to be too trusting, live alone and don't have someone watching over their finances. Loneliness also plays a role. Elders are often grateful to have someone to talk to – not suspecting that the "nice man" on the phone may be preying on them.
It's trite but true -- if a deal sounds too good to be true, it probably is.
Never part with your money until you have taken independant advice
The BCRTA web site will alert seniors about scams. Look for it on a regular basis, and if you have new scams happening in your community that should be on the web site, send them in to Cliff Boldt at:
Frequently this situation involves the "winning" of a lottery, a vacation, or a valuable prize. Of course, there are fees involved to finalize the details or pay the taxes, legal fees, or shipping.
Phishing is a general term for e-mails, text messages and websites fabricated and sent by criminals and designed to look like they come from well-known and trusted businesses, financial institutions and government agencies in an attempt to collect personal, financial and sensitive information. It's also known as brand spoofing.
Typically, phishing messages will ask you to "update," "validate," or "confirm" your account information or face dire consequences. They might even ask you to make a phone call.
Remember, no bono-fida financial company will ask you to provide sensitive information online or by telephone.