One Article Review
| Source |  AlienVault Blog |
|---|---|
| Identifiant | 1219905 |
| Date de publication | 2019-07-23 13:00:00 (vue: 2019-07-23 21:00:48) |
| Titre | How to prevent elder abuse and financial fraud |
| Texte |
The elderly population in the U.S has been on a steady incline for the past few decades. With more seniors living longer new challenges arise. Unfortunately, many seniors become vulnerable to different types of abuse, neglect, and exploitation as they age. The National Council on Aging estimates that financial fraud and abuse against seniors costs older Americans up to $36.5 billion each year.
The perpetrators of financial abuse can be anyone, such as family members, paid caregivers, or strangers who hack into systems and steal vital financial data. You must be well informed about financial fraud to know what to do about it and keep the seniors in your life safe.
Vulnerability and financial fraud
Financial exploitation can leave any target, such as businesses and individuals, with significant losses. However, when you combine this general risk with some of the cognitive deficits common to the elderly population, the result can be financial devastation. Risk factors that place seniors at a higher-than-average risk of becoming a victim include:
Needing assistance with activities of daily living.
Poor health.
Fixed income.
Living with no spouse or partner.
Not using regulated social services.
Just a few short years ago, financial fraud had to be committed face-to-face with the senior, another family member, or banking institution. Today, attackers can sit in the comfort of their home and electronically attack funds in banking institutions, social security information, and other vital data that can unlock several accounts. These types of security incidents might not even be reported by the victims because they are often not required by law to report.
Importance of prevention
Recovery after financial abuse or exploitation can be nearly impossible. Taking steps to prevent it from ever happening is the best strategy to keep seniors safe. Here are a few strategies you can use:
Know the types of abuse
The underlying message around financial fraud is that you and any seniors you care for should never feel safe when it comes to their money. Types of financial fraud range from someone selling them services they don’t need to complex online identity theft. Here are a few of the types of fraud you should know about.
DDoS attacks happen when hackers take control of a company’s servers, networks, or devices. During a DDoS attack, the attacker can access vital information about hundreds or thousands of people. To protect seniors, be sure to assist them with choosing reputable companies when they do business.
Phishing happens when hackers send emails to a bank’s or other business’ customers that look legit. The email will usually ask the user to provide an account login, personal data, or a passwo |
| Envoyé | Oui |
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| Tags | Hack |
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