HomeShopNews • Better Business Bureau issues fraud warning to seniors
eBillme Stores


coupons rss feed

RSS feed

Better Business Bureau issues fraud warning to seniors

The Better Business Bureau (BBB) has issued a warning to seniors in Connecticut due to an increase in the number of credit card fraud. cases involving older adults. Thieves use a variety of tactics to steal sensitive information from senior citizens.

According to a survey conducted by Investor Protection Trust, over 7.3 million seniors in the U.S., which is about 20 percent of the population over the age of 65, have been the victim of some form of identity theft.

"Many people don't even realize they are being victimized, so it is important to identify and discuss how to recognize signs of common scams," said Paulette Scarpetti, president of Connecticut BBB.

The organization warns seniors to never wire money to someone they don't know, and keep in mind that Medicare will never call them to ask for sensitive personal financial information.

Seniors should also be wary when shopping online, as many thieves use the anonymity of the internet to take advantage of web consumers. According to the Federal Trade Commission, around 9 million cases of identity theft take place in the U.S. every year.ADNFCR-3359-ID-19936831-ADNFCR
Checkout with WU Pay at a participating online retailer, and save with discounts on appliances, electronics, furniture, tools and automotive products, and more! Simply pay using your bank's online bill pay service, just like a utility bill. Use WU Pay to shop online without a credit card, and without sharing financial information.
Watch demo | Learn more