Lost Password?
No account yet? Register

Web Marketing Newsflash

  • Video & Audio: 'Chinese Democracy' and Free Dr. Pepper - Post Chronicle

    Guns N' Roses released their biggest hits on vinyl records and compact discs, but on Thursday, their new album debut online on MySpace and Dr Pepper is making good on its promise of free soda now that the release of Guns N' Roses' "Chinese Democracy ...

  • Internet Marketing and Management Group, LLC (IMMG) of Coral Springs ... - PR.com

    Coral Springs, FL, November 21, 2008 --( PR.com )-- Internet Marketing and Management Group, LLC (IMMG) of Coral Springs, Florida, which specializes in developing websites for its clients, recently launched its redesigned website, www.WebIMMG.com ...

  • Bigmouthmedia Promotes Search Marketing as Career Option - EIN News

    Bigmouthmedia launches campaign to promote search marketing as career option EDINBURGH, SCOTLAND, November 21, 2008 /24-7PressRelease/ -- Bigmouthmedia, independent digital marketing agency, has launched a new cross-industry campaign to promote a ...

RSS Syndication

Add To MyYahoo
Add To Google
Add To netvibes
Subscribe in NewsGator Online
Add To Pageflakes
Subscribe in Rojo
Add To My AOL
Home arrow News arrow Ecommerce arrow Elderly Americans lose millions to Internet scams

Elderly Americans lose millions to Internet scams

PDF Print E-mail
Scams involving Internet auctions, as well as identity theft, lotteries, prizes and sweepstakes, top the list of fraud complaints by older Americans, who lost $152 million to con artists last year, U.S. officials told a Senate panel on Wednesday.

Internet-based scams are growing and now account for about 41 percent of fraud complaints the Federal Trade Commission receives from people over 50, Lois Greisman of the FTC's consumer protection division told the Senate Committee on Aging.

"This figure is all the more dramatic when one considers that Internet-related fraud represented only 33 percent of all fraud complaints from this age group in 2002," she said.

Older consumers reported being defrauded of more than $43 million last year through Internet scams, with on-line auctions topping the complaint list, she said.

But more old-fashioned scams continue to take their toll. Lottery and sweepstakes frauds, in which victims are asked to pay "taxes" or other fees to claim prizes, cost older Americans $35 million last year, Greisman said. People over 70 are particular targets of that kind of scam, she added.

Another popular scam involves fake credit card protection or discount drug services, she said. Others involve scam artists saying they need bank account information for
Social Security or Medicare benefits.

"What is most disturbing is that these scams routinely top the FTC's annual list of consumer frauds in the nation," said Sen. Gordon Smith (news, bio, voting record), an Oregon Republican who chairs the Senate Aging Committee. "It seems that even though we are aware of their use, scam artists remain successful in pitching old scams to new victims, perpetuating a cycle of victimization."

Anthony Pratkanis, a psychology professor at the University of California who has been on a team of researchers examining elderly fraud, said con artists steal using the weapon of "social influence" to create a sense of trust rather than a gun or knife.

Research shows that not just the "frail and lonely" fall victim to scams, he said. Active people who are leaders in their communities can also fall prey.

"We find that con criminals profile their victims' psychological and other characteristics to find their Achilles' heel ... to construct the exact pitch that is likely to be most effective," he said.

In one example, con artists told a potential victim that to ask questions or hang up the phone while they were trying to verify account information was against the law.

Pratkanis said his research group was developing tools to help the elderly defend themselves against fraudulent pitches.

U.S. Postal Service inspector Zane Hill said scam artists know that many elderly people feel isolated and a telephone call from anyone is welcomed.

"Experienced con artists understand elderly citizens' vulnerabilities and know what buttons to push when they have them on the telephone," he said.

Derrick Lo:

Here is a short useful tutorial from eBay on how to spot Spoof Emails and Fake Websites:
http://pages.ebay.com/education/spooftutorial/

If you receive suspicious emails from eBay or PayPal, just forward them to spoof@ ebay.com and spoof@ paypal.com respectively. eBay or PayPal will work together with law enforcers to track these emails down. Be very careful when accessing your sensitive accounts on the Web!



Delicious
Furl it!
Spurl
NewsVine
Reddit
YahooMyWeb
Digg
Blinkbits
BlinkList
co.mments
connotea
Fark
LinkaGoGo
Ma.gnolia
Netvouz
RawSugar
Simpy
TailRank
Wists
Facebook
Google
Live
Netscape
Plugim
Slashdot
Squidoo
StumbleUpon
Technorati
  No Comments.
Discuss in Forum: Elderly Americans lose millions to Internet scams (0 posts)
< Prev   Next >




Sign up for PayPal and start accepting credit card payments instantly.

Internet Marketing News

  • Slate Marketing Director - Mediabistro.com

    The Slate Group is looking for a Sales Marketing Director. As one of the most influential and widely read news and culture brands, Slate combines the innovation of a web-only property with the quality and authority you’d expect from an organization ...

  • Milestone Internet Marketing Wins W3 Silver Award for Hotel Website ... - PR.com

    The International Academy of the Visual Arts (IAVA) has awarded Milestone Internet Marketing, Inc. a Silver Award in its 2008 W3 Awards Competition for the design and online marketing strategy of Sheraton Philadelphia’s website. Santa Clara, CA ...

  • We Build Pages Internet Marketing - PR.com

    We Build Pages specializes in Internet Marketing Services. We build website traffic through Google, Yahoo and MSN with a strong focus on natural rankings assisted by pay per click campaigns. Since 1999, We Build Pages has helped over 150 clients with ...

If you find this website useful, please donate! Thanks!
2043998 Visitors

The best time to fix the roof is when the sun is shining. - John F. Kennedy

If you want to see the brave, look at those who can forgive. If you want to see the heroic, look at those who can love in return for hatred." - Bhagavad Gita

Human history becomes more and more a race between education and catastrophe. - H. G. Wells (1866 - 1946)