A third of elderly fraud victims are too embarrassed to tell families or friends, according to new research.

by Simon Kelman

A new report from the Centre for Counter Fraud Studies has revealed the "stigma" felt by elderly people about being defrauded, including online frauds and telephone scams. The research discovered that the over-65s are more than three times more likely to lose money to fraudsters than to be physically burgled.

Professor Mark Button, Director of the Fraud Studies Centre, estimated that there are 320,000 frauds a year perpetrated against the elderly, with the most common being identity theft, inflated or fake fees for services and online shopping scams.

The report also highlights the rise of bogus charities, investment fraud, fake competitions, dating scams, health frauds and false claims for debts specifically targeting the elderly and vulnerable.

HooYu is committed to helping people fight back against fraud, and we are the first service to put the same level of identity verification that banks and large corporations use into the hands of everyday people.

We believe the most powerful way to make sure you don’t become a victim of a scam is giving you the power to verify who you are dealing with is who they say they are.

We have previously partnered with the Sun Newspaper to share the most common scams and how you can avoid them, you can read the article here.

Remember if you have any doubts you don’t need to take a risk, you can know who you are dealing with, just send them a HooYu identity confirmation request. Get started by clicking here

Alternatively, if you have the ID document of someone you’re not sure about dealing with, you can ask HooYu to validate their ID document by clicking here. 

Simon Kelman