As more cryptocurrency ATMs pop up across the country, criminals are increasingly using the machines in fraud schemes — often targeting older Americans. AARP Hawai‘i is pushing legislation to help curb those scams.
Crypto ATM fraud is on the rise. AARP has successfully backed new laws to protect consumers in at least 14 other states and is pushing for similar legislation in Indiana.
AARP Wisconsin was one of three groups invited to speak at the first meeting of the Speaker’s Task Force on Elder Services on Oct. 30, which focused on scams and fraud prevention information.
In August, AARP testified before the U.S. Senate Special Committee on Aging to spotlight a growing threat to Americans: fraud carried out by translational organized crime groups. Operating openly abroad, these networks are draining billions of dollars from victims, local communities and economies every year. Older adults are navigating a minefield of increasingly sophisticated scams that threaten not only their lifetime savings but even their homes, independence, and health. Money that was saved for retirement is instead supporting illicit activity around the world.
Nearly all of us use social media to stay connected with friends and family. Unfortunately, scammers use social media to connect with us, too. Before accepting a friend request on your social media platforms, keep these tips in mind to protect yourself from scams.