Seniors are often targeted by scammers because they may have significant savings, may be more trusting, and may not be as familiar with the latest technology and scams.

Some common types of financial fraud targeting seniors include phone scams, email scams, investment scams, and identity theft.

Some tips for seniors to protect their finances from fraud include never giving out personal information over the phone or online, being cautious of unsolicited offers, regularly monitoring financial accounts, and staying informed about common scams.

If seniors suspect they are a victim of financial fraud, they should contact their financial institution immediately, report the fraud to the authorities, and consider seeking assistance from a trusted family member or financial advisor.