Senior Fraud Resources
Fraud among older Americans is a major problem. In 2024, the FBI reported that victims over 60 lost $4.9 billion to fraud and scams.1 With this in mind, it is especially important to be aware of scams targeting older individuals. These scams are normally phishing or confidence scams and seek to take advantage of an individual’s isolation. The best way to prevent these scams is through education and by ensuring that the older individual has the appropriate professional advice for managing their finances.
- Ensure that your financial wishes are documented in a trust or will and appoint a financial caregiver.
- Always store important papers, including account statements and checks, somewhere safe and preferably locked.
- Always shred anything with your name and information on it, including receipts and bank statements.
- If someone is urging you to make a speedy financial decision, slow down and take your time. This is a common tactic used by fraudsters.
- Do not provide sensitive information by phone or email. Your bank won't call asking for account numbers or one-time codes. If you're unsure, simply disconnect and call your bank directly.
- Have someone you trust be privy to your financial affairs so you can ask questions if you need to.
- If you fall victim, be sure to reach out to your bank and local authorities immediately.
If you're worried that someone you know is an elder abuse victim, watch out for these warning signs:
- You notice unusual activity in their bank accounts.
- They start new financial habits, like using the ATM when they hadn't before or only using cash when they normally use cards.
- Inexplicable, large cash withdrawals.
- Sudden unpaid bills, closing of accounts or suspicious signatures.
- Confusion or obfuscation by the victim when asked about financial matters.
- Loss of property or a change to a trust or estate plan.
Additional Resources
Easy Ways to Stay Protected Online
Internet crimes are on the rise, making it more important than ever to practice these easy to follow habits and stay protected online.
5 Tips to Avoid Being the Victim of a Phishing Scam
At Atlantic Union Bank (AUB), we’ve pulled together this list of five actions you can take to protect yourself from scammers.
Seniors! Watch out for these holiday scams
The end of the year is a time when scammers amp up their operations, especially those that target seniors. We’ve compiled a list of the most common scams to watch out for and how to avoid them.
How to Protect Yourself from Identity Theft and Fraud When Traveling
When you’re traveling, that’s when you might be most vulnerable. Here are some tips to help you protect yourself from ID Theft and fraud when you travel.
15 Signs Your Identity Is Under Attack
It’s a sad fact—identity theft has become commonplace. Stay vigilant for these 15 warning signs of identity theft
What to Do if You Lose Your Debit Card
Not being able to find your debit card can cause some serious anxiety. But the good news is there are things you can do to protect yourself in any scenario.
1Ianzito, C. (May 5, 2025) "FBI: Older Americans Lost a record $4.9 billion Through Fraud in 2024." AARP. https://www.aarp.org/money/scams-fraud/fbi-report-fraud-2024
Better Customer Support Starts here
Not sure where to start? We can guide you in the right direction.