Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors
PYMNTS
JANUARY 25, 2019
Get ready for even more fake grandchildren when it comes to payments fraud. Treasury Department tell the main story: Banks in 2018 reported 24,454 suspected instances of elder financial abuse. Treasury stats are a reminder of the role that seniors play both in banking and as targets of fraud. Fresh statistics from the U.S.
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