Election warning: Zelle CEO says elderly users face high risk of political donation scams
Briefly

Fowler emphasizes the need for vigilance amid rising scams, saying, "This is the topic in the world as we head towards early November, and you need to be working under the assumption that not everything that you read and get presented with is accurate." He warns voters to scrutinize sources of information as election season presents unique risks, especially to vulnerable populations.
In response to the scams targeting older citizens, Fowler states, "All I can say is: heightened state of alert for those who are targeted, and for those loved ones of this population to keep an eye with them." This call to action highlights the importance of community awareness in combating financial exploitation during elections.
The reality for many elderly victims is grim, with AARP reporting that retirees scammed out of their money suffer average losses of $120,000. Fowler mentions, "You need to be working under the assumption that not everything that you read and get presented with is accurate," underscoring the importance of critical thinking in media consumption during the election season.
As political scams continue to rise, Fowler notes, "Zelle launched a program with the National Council on Aging to educate older adults on how to avoid online scams," showcasing proactive measures being taken to help protect vulnerable groups as election season prompts increased scam activity.
Read at Fortune
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