In a previous article, we introduced the fact that one of our largest growing populations is that of the “Baby Boomer” generation (those born between 1946 to 1964). As the Boomers get older, they become susceptible to many of the emerging dirty tricks that exist on the Internet. Phone scams, lottery scams, tech support scams, and a host of other frauds have existed for years. The scammers have adapted by finding new ways to become convincing.
As detailed in a recent copy of the American Association for Retired Persons (AARP) magazine, the scammers use one technique where they gain access to a victim’s bank account, “mistakenly” add money to the account, and then process the “correction,” effectively robbing the victim. This is a new, brazen approach that was previously non-existent.