Older Americans more at risk of financial scams: How to protect yourself

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(3TV/CBS 5) — As technology becomes more advanced, the better the chances con artists, scammers and other criminals can take advantage of you and steal your money.

Forbes reported that in 2010, a fifth of Americans over 65 said they had been victims of some type of financial fraud or abuse. So how do you protect yourself?

“It’s really unfortunate because we see year after year these scam artists really going after seniors. In particular, the grandparent scram is pretty widely spread. This is when someone pretending to be someone’s grandchild,” says Felicia Thompson with the Better Business Bureau.

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