Financial scams targeting older adults continue to evolve—and in 2025, the tactics are more sophisticated than ever. Whether it’s a phone call from a fake government agency, a text claiming your grandchild is in trouble, or a seemingly harmless email asking for account verification, seniors are prime targets. And unfortunately, the consequences can be devastating—not just financially, but emotionally.
Trending Scams in 2025
- AI Voice Cloning Scams:
Scammers are using artificial intelligence to mimic the voices of loved ones, making fake emergency calls sound alarmingly real. These calls often request money urgently—usually through untraceable methods like cryptocurrency or gift cards.
- Medicare Impersonation:
Fraudsters posing as Medicare representatives call seniors during open enrollment periods, asking for personal information or offering fake “upgrades” to their plans.
- Tech Support Scams:
Pop-up messages claiming your computer is infected with a virus prompt a call to “tech support”—where scammers then request remote access to your device or payment for bogus repairs.
- Romance and “Companion” Scams:
With more seniors using dating websites and social platforms, scammers exploit loneliness by building fake relationships and gradually asking for money under false pretenses.
- Investment or Cryptocurrency Fraud:
Promises of high returns on “risk-free” investments are targeting older adults looking to grow or protect retirement savings. These schemes are often unregulated and hard to trace.
How to Stay Vigilant
- Pause Before You Act: If something feels urgent or threatening, take a step back. Scammers rely on emotional pressure to cloud judgment.
- Verify Independently: Don’t rely on caller ID or email addresses—they can be spoofed. Call back known numbers or contact organizations directly.
- Protect Personal Information: Never share Social Security numbers, banking details, or Medicare information over the phone unless you initiated the contact.
- Monitor Accounts: Regularly check bank and credit card statements for suspicious activity.
- Stay Informed: Talk with trusted family members, financial advisors, and elder law attorneys about potential risks and ways to safeguard yourself.
What Families Can Do
Loved ones can play a key role in protecting aging relatives. Check in regularly. Set up financial safeguards and help manage online security settings. Open conversations about scams can help reduce stigma and make it easier to ask for help.
A Trusted Resource for Prevention and Protection
If you’re concerned about protecting yourself or a loved one from scams, our experienced team at Roth Elder Law is here to help. From establishing financial safeguards to preparing essential documents like powers of attorney, we work closely with families to provide lasting peace of mind and legal protection. Contact us today at 607-962-6162 or fill out our online form to schedule an appointment and learn how we can help you stay safe and secure in 2025 and beyond.