The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) wanted to educate seniors on how to defend themselves from financial scams and frauds.聽
鈥淎s financial abuse affects many seniors in Canada, we want to protect seniors by providing information and resources that will help them identify and avoid exploitation,鈥� FCAA Securities Division Director Dean Murrison said.聽
鈥淪eniors can protect their money by understanding the warning signs of financial fraud and by being cautious when speaking to people on the phone they do not know.鈥澛�
In some cases, seniors end up losing money by giving out their credit card or banking information to fraudsters (or occasionally, dishonest family members).聽
Here are some red flags and preventative tips to help avoid exploitation: If potential victims receive 鈥減rize offers鈥� without engaging or enrolling with the business offering the prize, they are advised not reply.
If someone emails, texts, or calls asking for personal or banking information, do not provide the information.
If a stranger sends a cheque, do not accept it, as the cheque might bounce after its deposited.
Don鈥檛 open emails with attachments from unknown persons.
Likewise, don鈥檛 open or download the attachments.聽
For more information about senior financial abuse and tips for family members and caregivers visit聽.
