Discussing Seniors and Identity Theft

If you’re an older person, know someone who is, care about identity theft, or some combination of those three, tomorrow could be an interesting day. If you’re close to D.C. — or even if you’re just close to a computer — you can tune in to the FTC’s forum, “Senior Identity Theft: A Problem in this Day and Age.” It’s happening on Tuesday, May 7, 9:00-4:30, live in person and via webcast.

The discussion is timely: as the demographic bands of Boomers age, more people will be in a situation where their personal information is available to financial advisors, caregivers, and other support professionals. The FTC is getting more and more complaints about tax identity theft. Government benefits are now going onto reloadable debit cards. New health care laws are going into effect. We have experts coming to talk about all those things, as well as what we can do to help educate older people — and younger people with seniors in their lives — about identity theft.

You can come in person or join via webcast — all the details and the agenda are here. Either way, we hope you’ll join in the discussion. Each panel will have time for questions and answers. We’ll collect the questions sent in from the webcast and make sure we get to them, along with hearing from people in the room. We hope to see you there!

Tagged with: identity theft, privacy, scam
Blog Topics: 
Privacy & Identity

Comments

When I was in a convalescent hospital some one copied my cc. number and bought on line. They attempted to return the item to the store in person for a cash refund and were informed that the price would be credited back to the card. Alas no cash. What a shame they were not required to show proof of I.D. that would have slowed traffic!

Just this Saturday I had someone at Walmart Shopping Center try to purchase something from Walmart using my Visa Card info. My bank refused it and blocked the card. It took about 30 minutes to straighten out the mess. It makes me feel so vulnerable with my bank card, because I don't use checks because banks, in the past have stolen money from me when I paid my bills and, as well as, when I made purchases.

The effect of ID Theft is devastating to older people particularly if it is engineered and scammed internally.i consider it a challenge that must be tackled no matter how long it takes.

Put your mind at some ease by freezing your credit report. Contact the 3 major credit reporting agencies, Equifax, Transunion and Experian and for a small fee you can keep your credit report private AND only you can unfreeze with a PIN number. If someone does have you SSN# and name they can't get a credit card OR loan unless they have your PIN number because the loan company will want to check their credit and will be blocked. However, if YOU want a loan or credit card you will have to UNfreeze your credit report, again for a small fee to unfreeze it. It's worth the peace of mind. If your married, you will want to freeze both you and your spouses credit report. Hope this helps.

The sad fact is that seniors, especially those with Alzheimer's or Dementia, are often seen as easy targets for unscrupulous people and care givers. The new laws will help, but those with older loved ones need to be vigilant and monitor both the care they are receiving and their financial status.

I am a 'youngster' with early onset Dementia (result of OD). I've been insisting I can still do everything for myself. However, after being targeted just this week by ID Theft, I am forced to relinquish all financial control over to my father. HE is the "senior". I am only 47. You have NO idea how truly STUPID I feel. This creep stole much more than ID & $$. He took my confidence, independence, and dignity.

I have begun to receive mail from Lead Concepts that already have my name and address and know that I am getting ready to turn 65. They sent me an official looking document that says Medicare Open Enrollment Inquiry Card and it comes form Permit 1118 Dallas, TX. This is not official and it asks for me to give them permission to send information on prescription discounts. Not offical. I am not responding.

I THANK GOD FOR MY CC PEOPLE THEY FOUND A SCAM THE MORNING IT WAS DONE & STOPPED IT. ALSO TWO OTHERS MADE ME CALL WHEN I USED MY CARD OUT OF STATE SO NOW WHEN I GO ON VACATION I CALL & LET THEM KNOW

Why do we have to have our Social Security number on our Medicare cards. We have to carry them with us at all times. If stolen, they have our number!!

My fahter's identify was stolen at Summerlin Hospital on 6/1/13 in the ER in Las Vegas, NV. His SS card, Medicare card and Blue ross/Blue Shield were taken while he was on the #10 which means from1- 1-10 he was really bad healthwise. I will be going to the Police and spent all day at the SS office. What can I do? He is 87 years old and needs surgery real quick.

Yes, we have visited a couple of dealerships in the past that asked for our ID and after I gave it to them they made a copy before we drove the car off the lot. It made us feel that maybe they can duplicate it but after going to check their site with the BBB it looked trustworthy so I didn't bother. A couple of months later a found a utility bill on in my name in Kansas although I lived in Nevada. It was kinda weird being that I have never driven my car that far or been to that location.

A Countrywide broker somehow knew I was not able to afford my home and was talking to my bank (not affiliated with him). He arrived with great enthusiasm to save my house. This home had been a fixer and all my money was in it. Still needed roof, plumbing etc. He represented Countrywide and was told I did not qualify for a set aside because FHA had different standards for a reverse mortgage home. Since I owned the home, already I could use my equity to fix the home. The devious things that went on to hide the role of Fannie Mae, to neglect to tell me about 2 liens and about the changing interest rates, and of course, the bank lawyer was my lawyer, etc., resulted in 2 loans, different interest rates and the refusal of Bank of America to listen to me. Turned out the broker was their employee. I invested most of my equity in the house. So now I have nothing, Negative principal. They got it all. Never buy a HECM loan without your own attorney and without having the contract reviewed one week before closing -- no bank people in the house at all when you do this and make sure an accountant explains how it works. Counseling is worthless. The objective of the scam, obviously only worthwhile to a bank and Fannie Mae, is to have you use your equity so they can change the interest rates. I have to have an accountant go over my loan to explain. It is obvious that if you are in the negative and you are paying interest on the equity that you used to fix the house, that you will owe more than the house when you die. I have to leave my house to protect my son from having this debt. I have no job, no more savings and in poor health. I think Oregon is the best place to go for people like m.