The “Grandparent Scam” is a crime that targets the elderly and involves a caller contacting someone over the phone claiming to be a family member (usually a grandchild) that is in trouble and needs money immediately.
Follow these tips to avoid falling victim to this scam:
- Confirm the Caller. If you’re unsure of the caller, ask to call them back on a known number or speak to a trusted family member before sending money or giving any information. Scammers can use public information such as names to easily trick you.
- Ask Questions. They are counting on someone to be in a panic and complete their request quickly. The more questions you ask, the better.
- Avoid giving out personal information. Never give personal information over the phone unless you initiated the call and you know that you can trust the other party.
- Take time with financial decisions & trust your instincts. Think about the situation before acting. If something doesn’t feel right, it probably isn’t. It’s ok to say no and get more information before making any decisions.