Visiting your parents over the holidays? There's no better time to start a conversation about financial fraud. Addressing sensitive financial topics can be challenging, and is best handled face-to-face with care.
Fraud often spikes during the holidays, making this conversation all the more urgent. Here are a few reasons why:
- Scammers exploit the spirit of giving by creating fake charities or soliciting donations for victims of war or natural disasters.
- Older Americans may feel lonely during the holidays, making them more vulnerable to emotionally manipulative scammers.
- The increase in payment transactions can allow fraudulent activities to go unnoticed.
- Online shopping for the holidays can provide scammers with opportunities to capture personal information.
Taking the time to talk about these issues can help protect your parents.