Listen: Tom Kelly, president and CEO of ID Experts, his company is one of the largest cyber-breach response companies in the nation and he offers insight into the most common scams targeting seniors today, tips their loved ones can look out for and the protection options that are available.
According to a 2016 study, people 50 and older hold 83% of the wealth in America; which explains why almost 4 of 10 identity theft complaints reported to the FTC in 2017 came from those ages 50 and over.
And social media threats continue to target seniors as well. According to ID Experts' new research, 92% of seniors (65+) believe they're at risk on social media.
If seniors lose an estimated $2.9 billion annually from financial exploitation, how can seniors and their loved ones guard against these evolving threats?