By: Denise Koslowsky
Anyone is susceptible to identity theft but, there is one group in particular that is a frequent target: Senior Citizens. Every year, over 35% of identity theft claims come from those age 50 and over. Even worse, 11% of those over 65 have had their financial information stolen.
Why target seniors?
Seniors are often targets of identity theft for many reasons. First, they have higher cash reserves. Second, they are more trusting than younger generations. Although this trusting nature is a good quality to have, it can hurt when it comes to identity theft. They are more apt to fall for telephone scams.
Seniors also are less likely to check their credit reports as often as younger generations. They aren’t as likely to be preparing to buy a home, automobile, or applying for credit cards as often as someone younger. This means they are much less likely to the see signs of identity theft. Often the crime isn’t identified until it is too late.
Another thing that makes seniors a prime identity theft target is that they may be in the care of a nursing home or have an in-home caregiver. Since the caregivers have frequent access to seniors, it is easy for them to steal personal information and use it for identity theft.
Tips to Help You Prevent Identity Theft In Your Family:
As your insurance Advocate, our goal is to keep you and your family safe. We hope that these tips will help to ensure that your elder family members are informed and protected from becoming victims of identity theft.