Reminding seniors of the importance of not giving out personal or financial information to people you don’t know or over the phone is an important first step. (Submitted)

Reminding seniors of the importance of not giving out personal or financial information to people you don’t know or over the phone is an important first step. (Submitted)

Tips on how to protect your aging loved ones from financial abuse

About one in 10 seniors are victims of consumer fraud each year: Canadian Department of Justice

Approximately 10 per cent of Canadian seniors are victims of consumer fraud each year, according to the Canadian Department of Justice.

Although these fraudsters are sometimes strangers, sadly it quite often is someone in their trusted circle such as a family member, friend, neighbour or caregiver.

“It’s unfortunate that some seniors are targeted as a result of their increased vulnerability; they may have declining physical or mental health and are likely self-isolating as a result of COVID-19,” said Kevin Haarhoff, an investigator with the corporate security team at Envision Financial.

As we approach World Elder Abuse Awareness Day on June 15, Haarhoff recommends these tips to protect the seniors in your life.

READ MORE: B.C. communities ready to offer help on World Elder Abuse Awareness Day

Be involved

During these unprecedented times, when visits with loved ones are far and few between – or not permitted at all due to physical distancing protocols – it can become increasingly easy for seniors to become even more isolated.

Not only can this take an emotional toll, but it also increases their vulnerability to fraud by creating an opportunity for fraudsters to build a trusting relationship with their victim for financial gain.

“Being an active participant in the lives of loved ones will help you detect signs of abuse early,” Haarhoff said. “It is important to be aware of who they interact with on a regular basis in case the relationship is having a negative impact. Ask questions if they are acting unusual and trust your instincts if you feel that something is not right.”

Discuss often

Reminding the older adults in your life of the importance of not giving out personal or financial information to people you don’t know or over the phone is an important first step.

However, by simply opening the financial and fraud prevention dialogue, you build rapport and make it more likely your loved one will reach out to you if there is ever a concern that needs to be addressed.

“Having discussions about fraud prevention is an important subject to broach,” Haarhoff said. “Having these conversations early and often could provide the older adults in your life the knowledge they need to identify a potential fraud or scam if they are ever faced with one.”

Should you feel someone in your life is being abused or mistreated, contact Seniors First BC via the Seniors Abuse and Information Line (SAIL) toll-free at: 1-866-437-1940.

RELATED: LETTER – Get to know your neighbours for World Elder Abuse Awareness Day


 

Do you have something to add to this story, or something else we should report on?
Email: jenna.hauck@theprogress.com
Twitter: @PhotoJennalism

Like us on Facebook and follow us on Twitter.

fraud preventionSeniors

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

People watch burning funeral pyres of their relatives who died of COVID-19 in a ground that has been converted into a crematorium in New Delhi, India, Thursday, May 6, 2021. Infections in India hit another grim daily record that day as demand for medical oxygen jumped seven-fold and the government denied reports that it was slow in distributing life-saving supplies from abroad. (AP Photo/Ishant Chauhan)
Liam’s Lowdown: Tell us more how COVID-19 is impacting B.C.

Compared to other provinces, B.C. releases less data on COVID-19 infections and vaccinations

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a COVID-19 vaccine clinic in Toronto on Thursday, January 7, 2021. THE CANADIAN PRESS/Nathan Denette
65 new cases of COVID-19 in Interior Health

Overall, B.C. is seeing a decrease in COVID-19 cases

The five graduating members of the Vernon-based Thompson Okanagan Lakers U18AAA girls hockey team – Jessica Engelbrecht (from left), Makenna Howe, Cheree Peters, Jayden Perpelitz, and Alexis Bishop – have all committed to collegiate hockey programs in Canada and the U.S. (Photo submitted)
Vernon-based hockey squad sends 5 to college ranks

Thompson Okanagan U18AAA Lakers players heading to Canadian and U.S. programs

Richard Green writes poetry under the nom de plume Rick the Poet Warrior. Homeless, Green sometimes spends his summers in Revelstoke but winters in Victoria, travelling to Ontario to visit his sister whenever he can. (Jocelyn Doll - Revelstoke Review)
Revelstoke nomad pens poetry, offers insight into homelessness

Rick the Poet Warrior’s books can be found online as well as at the Revelstoke library

(Pixabay photo)
NHL bracket challenge supporting Indigenous awards at Okanagan College

One or more Indigenous students experiencing financial barriers will be able to receive an award

Sisters Audrey Cunningham and Donna Erdman, join the Vernon Kalamalka Chorus singing in their cars, tuned into the radio, under the direction of Debbie Parmenter. (Jennifer Smith - Morning Star)
VIDEO: Okanagan choir steers around COVID with ‘carbershop’ twist

Singers find a unique way to practice during pandemic restrictions

Keith MacIntyre - BC Libertarian
Penticton’s Keith MacIntyre new leader of the B.C. Libertarian Party

The Penticton businessman was voted in by members of the party on May 8

RCMP are searching for Philip Toner, who is a 'person of interest' in the investigation of a suspicious death in Kootenay National Park last week. Photo courtesy BC RCMP.
Man sought in suspicious Kootenay death found in Lake Country

Philip Toner is a person of interest in the death of Brenda Ware

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

A Falkland man will present a 600+ signature petition to the Columbia Shuswap Regional District board Thursday, May 20, opposing dog control in Electoral Area D, which includes Falkland, Silver Creek, Salmon Valley and Ranchero/Deep Creek. (File photo)
600-plus sign Falkland man’s petition against dog control

Similar bylaw rejected by 200 public hearing attendees when topic came up 9 years ago

Thompson Rivers University campus is in Kamloops, B.C. (KTW file photo)
Thompson Rivers the 1st B.C. university to supply free menstrual products

The university will offer the products this September

Fraser Health is using ‘targeted’ vaccination clinics in high-risk areas of the Lower Mainland. (Fraser Health photo)
B.C.’s COVID-19 decrease continues, 515 new cases Tuesday

426 seriously ill people in hospital, up from 415 Monday

Vernon North Okanagan RCMP reported to 287 mental health calls between Jan. 1, 2021, and May 1. (Black Press files)
‘It’s not the police’s responsibility to deal with mental health calls’: Vernon RCMP

RCMP remind public to take care of mental health and well-being, while better solutions are sought

Notes of hope, encouragement and camaraderie were left on the message board inside the kitchen of TacoTime. (Aaron Hemens/Capital News)
Adiós, Taco Tuesday: Kelowna residents flock to TacoTime on restaurant’s final day

‘We don’t need another Starbucks. We need tacos on Tuesday, with extra hot sauce’

Most Read