There are many different types of scams targeting seniors, from fraudulent investment schemes to fake lottery scams. And with seniors being one of the most vulnerable demographic groups when it comes to fraud, the Federal Trade Commission (FTC) has put together a new advisory group to help fight back against these scams.
How the FTC Advisory Group Will Fight Back
According to the FTC, this group is part of the Stop Senior Scams Act. It will bring together “federal agency partners, consumer advocates, and industry representatives” to identify and find ways to stop scams that target seniors.
A few of the ways that the group plans to do this are by:
- Improving education efforts
- Finding innovative ways to prevent scams
- Improving industry training
- Developing research to better understand how seniors are targeted by scammers
This initiative comes on the heels of a new program in Pennsylvania bringing together government agencies and community resources to help seniors who have been victimized by scams. This new wave of anti-scam efforts is a welcome relief for seniors.