Peer-to-peer (P2P) payment platforms like Venmo, PayPal, Cash App, Apple Pay and Zelle allow consumers to transfer funds online or through an app quickly from their bank account to other people or businesses. In a recent ElderWatch survey 43 percent of Coloradans 50+ indicated that they use these apps for the recommended purpose, transferring funds to friends and family. But beware, scammers are requesting payment via P2P apps more and more. Here are some tips to help stay safe:
Every 10 years the United States conducts a census to count all of the people living in our country. Because the Census attempts to contact all people, it is reasonable to believe that scammers might try and take advantage of this opportunity to attempt to collect personal and financial information. Knowing how the Census works will help you avoid potential Census scams. Here are a few things you should know:
Social media sites like Facebook, Twitter and Instagram provide a convenient way to connect with friends and family. It is important to remember that scammers also use these platforms to find victims. Scammers often create fake profiles and pretend to either be someone you know, someone you want to know or an entity you trust. Because there are fake profiles it is difficult to know who you can trust. The following are some red flags that you might be targeted by a scammer on Facebook or other social media platform:
Scammers are constantly calling and emailing older adults in an attempt to steal their personal information. AARP Foundation ElderWatch has recently received an uptick in reports of some more sophisticated tactics in soliciting your financial information.
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