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Beware of Scams Targeting Grandparents

Posted on May 7, 2021 | Fraud Defense

Maine Credit Unions created a new “Member Moment” video to raise awareness about grandparent scams. Grandparent scams are cons that prey on older relatives. This type of fraud may have some unique details, but the basic components are always the same. An individual emails, calls, or texts an older adult. The person claims to be a family member in need of urgent assistance, or someone representing that family member like a lawyer, doctor, or police officer. In all cases, payment is requested. These types of scams have surged during the pandemic and can be incredibly costly.

Learn more about the Senior$afe initiative that aims to protect the finances of Maine’s older population. The Senior$afe training program, which is conducted through a partnership between the state, Legal Services for the Elderly, Area Agencies on Aging, Maine Credit Union League and other financial services groups, involves helping staff recognize the signs of unusual financial activity and how to respond to certain situations when this occurs. Learn more about Senior$afe here.

Be on the defense when it comes to fraud! You’ve worked hard for your money. Be sure to guard access to your online accounts, financial and personal information. If you’re ever unsure about something, the Team at Downeast CU is just a phone call away at 800-427-1223.

DECU Fraud Defense