AARP has developed a new interactive Fraud Watch Network map to alert older consumers to fraudulent schemes that target them. Created after AARP launched a fraud awareness campaign last fall, the map helps help consumers track scams involving financial fraud and identity theft.
The online map allows users to see notices in their states about local fraudulent activity. Information comes from consumers reporting their personal experiences as well as from state authorities. For example, Arizona’s attorney general warns of “medical alert” scams circulating in several regions, preying on older Americans in particular.
Seniors may be attractive to fraudsters because of their retirement savings, or the equity built up in their homes. “They have access to resources and funds they’ve saved for their whole lives,” said Nora Eisenhower, assistant director at the Consumer Financial Protection Bureau’s Office for Older Americans.