Generations

$40 Million Scam Kicks Off Cyber Security Awareness Month

$40 Million Scam Kicks Off Cyber Security Awareness Month

 

$40 Million Telemarketing Scam

A $40 million telemarketing scam was broken up during Cyber Security Awareness Month. No, you can’t make things up. While anyone can be caught in a financial scam, the victims are 60 -90 year olds. During the month talk to your clients about their strategy to avoid scams. As a practitioner I interact with olders on a daily basis. Almost every conversation includes fall prevention or scam awareness. Granted it’s not as sexy as the newest app. However, the topics have a greater impact on wellness than any app will.

 

Cyber Security Awareness Month 

In fact, the Better Business Bureau reports victims lost hundreds of thousands of dollars in WyzeMoney. By offering a no risk investment with a money back guarantee it was a perfect investment. However, police now allege it was credit card fraud. During the five-year investigation over 9,000 individuals lost money.

 

The Human Cost of Scams

Maricopa County Deputy Chief Attorney Rachel Mitchell says: “These people targeted the most vulnerable of our society. People who have life savings at stake. People who can’t just go back to work and make up for what they lost.”

About the Author

Judi Bonilla is the author of Freewheeling after Sixty and Director of Program Innovation at Advocates For Aging. She is the first gerontologist selected to speak at South by Southwest. In addition, she presented at the American Society on Aging and Certified Senior Advisors conferences. Learn more.