‘Grandparent scams’ cost seniors over $9.2M last year. Here’s how to protect yourself - National | Globalnews.ca

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‘Grandparent scams’ cost seniors over $9.2M last year. Here’s how to protect yourself

Victims of the scam are led to believe they can’t discuss the situation with anyone close to them due to a court-enforced gag order, isolating the senior to only trust the scammer on the other end of the line.The scammer then directs the senior to withdraw cash from their financial institution, which is either picked up by an associate of the caller or sent by the senior through a courier service. Some seniors have also reported paying in cryptocurrency.

Thursday’s joint statement says Ontario saw the most reported losses from these scams last year with over $5.4 million. Seniors in Alberta reported more than $1.1 million, followed by Quebec , British Columbia and Manitoba . The RCMP, OPP and CAFC will launch a five-day campaign on Friday that will provide tips and resources to help educate seniors and their families about emergency scams and how to prevent losing money to them.

The agencies suggested on Thursday that families consider devising a code word that seniors can use to determine if the scammer is really a loved one.

Source: Healthcare Press (healthcarepress.net)

 

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