Protecting the New Most Vulnerable Population – The Grandparent Scam



Part 1 of this series, we introduced the concept that the most vulnerable people on the internet are our senior population. According to the FBI, elder fraud impacts millions of American seniors every year. Figures from the United Kingdom show similar levels of criminal activity targeting seniors.

Most of the elder fraud schemes are financially driven, targeting those who most likely have a secure and readily available source of income such as retirement accounts, pensions, and other forms of assets. While the seniors of today are much more computer savvy than those of yesteryear, that does not mean they are immune to fraud. One reason for this is that the scammers are becoming better versed in social engineering techniques, taking advantage of people by offering false goods or services.

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