[Resource] Don't get scammed: Protecting yourself from financial fraud

Unfortunately, as we age, we can become targets for financial fraudsters. However, the good news is that you can significantly reduce your risk by being aware and taking a few precautions. This blog post will arm you with the knowledge you need to stay safe and protect your hard-earned money.
Common scams targeting older adults:
- The grandparent scam: A scammer poses as a distressed grandchild urgently needing money for bail, hospital bills, or car repairs. They'll plead with you not to tell their parents.
- The romance scam: Scammers create fake profiles on dating sites or social media to build relationships and then ask for money for emergencies or investments.
- The lottery scam: You receive a notification that you've won a lottery or prize but must pay a fee upfront to claim it.
- The government imposter scam: Someone claiming to be from the CRA, Service Canada, or another government agency demands immediate payment for taxes or fines.
- The tech support scam: You receive a call or pop-up message claiming your computer has a virus and must pay for remote tech support.
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By
McMaster University
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Published
Feb 10, 2025
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Subject Area
- Education, Recreation, & Arts
- Technology
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Audience
- Caregivers, Seniors & Volunteers
- Service Providers (Non-profits, Community Organizations, Local government)
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Category
- Best Practices
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