{"id":154168,"date":"2022-06-02T14:08:07","date_gmt":"2022-06-02T21:08:07","guid":{"rendered":"https:\/\/www.mcafee.com\/blogs\/?p=154168"},"modified":"2025-06-10T02:31:02","modified_gmt":"2025-06-10T09:31:02","slug":"seniors-how-to-keep-your-retirement-safe-from-online-scams","status":"publish","type":"post","link":"https:\/\/www.mcafee.com\/blogs\/privacy-identity-protection\/seniors-how-to-keep-your-retirement-safe-from-online-scams\/","title":{"rendered":"How to Keep Your Retirement Safe from Online Scams"},"content":{"rendered":"<p><span data-contrast=\"auto\">The growing number of internet crimes targeting senior adults is mind-blowing.<\/span><\/p>\n<p><span data-contrast=\"auto\">In 2021, more than 92,000 people over the age of 60 reported losses of <\/span><a href=\"https:\/\/www.ic3.gov\/Media\/PDF\/AnnualReport\/2021_IC3ElderFraudReport.pdf\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">$1.7 billion, according to IC3,<\/span><\/a><span data-contrast=\"auto\"> the FBI\u2019s Internet Crime division. That number reflects a 74 percent increase in losses from 2020.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">These numbers tell us a few things. They tell us that scamming the elderly is a multi-billion-dollar business for cybercriminals. It also tells us that regardless of how shoddy or obvious online scams may appear to anyone outside the senior community, <\/span><i><span data-contrast=\"auto\">they are working<\/span><\/i><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, information is power. Senior adults can protect their hard-earned retirement funds and government benefits by staying informed, adopting new behaviors, and putting tools in place designed to stop scammers in their tracks. And, when possible, <\/span><a href=\"https:\/\/www.mcafee.com\/blogs\/family-safety\/helping-older-adults-build-strong-digital-literacy-skills\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">family, friends, and caregivers can help.<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The FBI said confidence fraud and romance scams netted over $281 million in losses.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The top four types of scams targeting seniors: Romance scams (confidence scams), fake online shopping, false utility representatives, and government agent imposters. Here\u2019s how to make a few shifts to mindset and your daily routine and steer clear of digital deception.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2><b><span data-contrast=\"auto\">5 Safeguards to Protect Your Retirement<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h2>\n<ol>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Stop. Don\u2019t share. <\/span><\/b><span data-contrast=\"auto\">Often phone or internet scams targeting seniors carry distinctive emotional triggers of elation (you won), fear (you owe), or empathy (please help). For instance, a phony source might urge: \u201cYou <\/span><i><span data-contrast=\"auto\">must<\/span><\/i><span data-contrast=\"auto\"> send admin fees <\/span><i><span data-contrast=\"auto\">immediately <\/span><\/i><span data-contrast=\"auto\">to access your sweepstake winnings.\u201d Or \u201cYou must provide your social security number to stop this agency penalty.\u201d<\/span> FBI and Better Business Bureau fraud experts advise senior adults to stop and think before taking any action. Be aware of common phishing scams that include legitimate-looking email messages from a bank, federal agency, or service provider requesting you \u201cverify\u201d personal information. The number one rule: Never give out any personal information such as a Social Security number, bank account numbers, Medicare numbers, birthdate, maiden names, work history, or your address.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:720,&quot;335559739&quot;:200,&quot;335559740&quot;:252}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Level up your security.<\/span><\/b> <span data-contrast=\"auto\">Changing times call for new tools and new behaviors online.<\/span> <span data-contrast=\"auto\">Consider adopting best<\/span><span data-contrast=\"auto\"> practices such as\u202f<\/span><span data-contrast=\"auto\">installing <\/span><a href=\"https:\/\/www.mcafee.com\/en-us\/identity-theft\/protection.html?path=blogs\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">McAfee security software<\/span><\/a><span data-contrast=\"auto\">, <\/span><span data-contrast=\"auto\">using\u202fstrong passwords\u202fwith Two-Factor Authentication (2FA), and\u202fknowing how to identify\u202fphishing and malware scams\u202fare\u202ffundamental\u202fcomponents of\u202fdigital literacy.\u202fFor a deeper dive into cybersecurity best practices,\u202f<\/span><a href=\"https:\/\/www.mcafee.com\/blogs\/family-safety\/how-to-talk-to-your-grandparents-about-cybersecurity\/?hilite=%27pandemic%27\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">read more<\/span><\/a><span data-contrast=\"auto\">.\u202f\u202f<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Discuss new scams.<\/span><\/b><span data-contrast=\"auto\"> Scammers rapidly adjust their tactics to current events such as the pandemic, tax season, or an economic crisis to emotionally bait senior adults. If you are a senior adult, check out <\/span><a href=\"https:\/\/www.ic3.gov\/Home\/ConsumerAlerts\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">weekly consumer alerts from IC3<\/span><\/a><span data-contrast=\"auto\"> or <\/span><a href=\"http:\/\/www.aarp.org\/fraudwatchnetwork.\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">AARP<\/span><\/a><span data-contrast=\"auto\"> to stay on top of the types of scams you may encounter. If you are a relative or caregiver to a senior adult, stay informed, discuss these scams with your loved one, and <\/span><a href=\"https:\/\/www.mcafee.com\/blogs\/family-safety\/helping-older-adults-build-strong-digital-literacy-skills\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">explore other ways to help<\/span><\/a><b><\/b><\/li>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Research all charities.<\/span><\/b><span data-contrast=\"auto\"> Senior adults get daily calls, emails, or even Facebook messages trying to bilk them of their money. It&#8217;s essential to do your research. Before donating to a charity, you can consult <\/span><a href=\"https:\/\/www.give.org\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Give.Org<\/span><\/a><span data-contrast=\"auto\"> or <\/span><a href=\"https:\/\/www.charitynavigator.org\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Charity Navigator<\/span><\/a><span data-contrast=\"auto\"> to verify the request is legitimate.\u00a0<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Report all scams and scam attempts.<\/span><\/b><span data-contrast=\"auto\"> If you\u2019ve been a victim of an online scam or even targeted unsuccessfully, report the incident immediately. Any consumer\u202fcan\u202f<\/span><a href=\"https:\/\/www.ic3.gov\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">report online scams<\/span><\/a><span data-contrast=\"auto\"> at the FBI&#8217;s IC3 website. Credit, debit, or bank account fraud should be immediately reported to your bank.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:252}\">\u00a0<\/span><\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">Just as the seasons change in our lives, so too must our behaviors when connecting to people and information via our devices. Cybercriminals target older people because they <\/span><i><span data-contrast=\"auto\">assume<\/span><\/i><span data-contrast=\"auto\"> they aren\u2019t as informed about schemes or technically savvy as younger people. Senior adults and their loved ones can work daily to change that narrative. With the right mindset, information, and tools, seniors can connect online with confidence and enjoy their golden years without worrying about digital deception.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The growing number of internet crimes targeting senior adults is mind-blowing. In 2021, more than 92,000 people over the age&#8230;<\/p>\n","protected":false},"author":642,"featured_media":154170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10670,13],"tags":[5674,15243,10132,15242,5180],"coauthors":[3359],"class_list":["post-154168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tips-tricks","category-privacy-identity-protection","tag-confidence-fraud","tag-medicare-fraud","tag-online-scam","tag-romance-fraud","tag-scammers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Keep Your Retirement Safe from Online Scams | McAfee Blog<\/title>\n<meta name=\"description\" content=\"The growing number of internet crimes targeting senior adults is mind-blowing. 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