email scams

In 2022, Financial fraud exploded into a $9 billion per year criminal enterprise and the psychological tactics being used to groom trusting elders are disturbing. Even worse is how our society tends to blame the victims, leaving them silenced by shame and embarrassment instead of showing empathy. While financial fraud affects people of all ages, elders typically lose far greater life-altering amounts when targeted by scams.

My guest today is a true advocate working on the front lines to support those affected and push for real change. Kathy Stokes is the director of AARP's fraud prevention programs and she joined me at FinCon 23 to have a frank discussion about the elder fraud epidemic in America. She explains the importance of awareness and knowledge around financial scams and why we desperately need greater empathy and advocacy to combat these predatory schemes.

Join us as we shine a light on this crisis and explore how even small acts of empathy and advocacy can help safeguard the wellbeing of those we cherish.

Resources mentioned:

AARP Fraud Watch Network - https://www.aarp.org/FraudWatchNetwork

AARP Fraud Watch Network Helpline - 877-908-3360

Transform your money story - https://go2.money/book-deal

More on this episode - https://go2.money/scams

A Podcast from BBB of the Tri-Counties: 

Beware of BBB imposters!  BBB does sometimes reach out to consumers and businesses; however, BBB will never ask for passwords or information to access your personal device.  Also, watch out for phony invoices that look as if they are from the BBB.  

If you are unsure if it's really the BBB calling, tell the caller you will call them back and end the call. Then check the phone number on BBB.org and call directly. If you receive a call from someone requesting payment information or permission to access your computer, hang up and report it to BBB Scam Tracker.

A BIG thank you to Ayers Automotive Repairs in Santa Barbara for supporting this podcast.

Financial scams are getting more and more complex. They target anyone from vulnerable populations to highly educated individuals. While we can all fall for scams, some attract more than others. In this episode, we share some stories of financial scams and the emotions they trigger in victims. We also invite our listeners to reflect on any patterns in their lives to explore why they may be constantly falling for them.

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Thank you to our sponsor CPP Investments, who manage a resilient, globally diversified portfolio to help ensure the Canada Pension Plan is there for generations to come. Learn more about their work here: https://www.cppinvestments.com/

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What Is Phishing?

Phishing is an attempt by an individual or group to solicit personal information from unsuspecting users by employing social engineering techniques. Phishing emails are crafted to appear as if they have been sent from a legitimate organization or known individual. These emails often attempt to entice users to click on a link that will take the user to a fraudulent website that appears legitimate. The user then may be asked to provide personal information, such as account usernames and passwords, that can further expose them to future compromises. Additionally, these fraudulent websites may contain malicious code.

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