BEWARE! Scams Targeting the Elderly On Rise in NY State

Scams targeting older adults in New York State are becoming more common, and it’s creating serious concerns. As more seniors rely on technology for banking, shopping, and socializing, they’re increasingly falling victim to sophisticated scams.

The Federal Trade Commission (FTC) reports that these cases have surged, with scammers using everything from fake tech support to impersonating the IRS into tricking older adults out of their money.

The FBI reported a 14% increase in elder scam reports in 2023. And according to Nasdaq’s 2024 Global Financial Crime report, a staggering $77.7 BILLION of all reported global fraud was linked to elderly victims.

A common scam involves criminals pretending to be government officials or bank representatives, pressuring seniors to make payments or share sensitive information. They often create a sense of urgency, leading people to act before they realize they’ve been duped.

Loneliness is also being exploited. Romance scams, where con artists build fake online relationships, are leaving many elderly individuals with emotional and financial losses. Additionally, the "grandparent scam," where scammers pose as distressed family members needing money immediately, continues to target unsuspecting seniors.

According to the Saratoga County Sheriff's Facebook page, here are some scams you may see or may fall victim to:

While law enforcement is ramping up efforts to address the issue, many elderly victims remain silent out of embarrassment. To fight back, experts suggest families check in regularly, stay informed about common scams, and encourage open conversations about protecting personal information and finances.