The holidays are quickly approaching, but they won’t be merry and bright for all. Why not? Because fraud attempts skyrocket by 30 percent during the peak holiday season, according to data from ACI Worldwide.
And while identity theft can strike anyone, people 65 and older are especially vulnerable. U.S. Senator Susan Collins has called elder financial fraud a “growing epidemic,” while the U.S. Federal Trade Commision (FTC) Chairwoman Edith Ramirez has said, “Many seniors spend lifetimes building credit and saving money for their golden years, but the identity thieves steal their hard-earned savings or ruin their reputations.”Read More