Scammers take advantage of fear to manipulate you into bad judgments

Scammers take advantage of fear to manipulate you into bad judgments

Tech Highlights:

  • “If you feel yourself becoming afraid based on what you heard over the phone, you get nervous and you feel anxious. That’s the time to stop,” said Doug Shadel, an expert on fighting fraud at AARP Washington.” You should never make a financial decision when you’re in a state of anxiety. Wait until you calm down and have a chance to verify what you’re being told.

  • You’ve probably been the victim of a scam recently – we’re all targets. According to recent AARP study, about one in every seven Americans lost money to a scam last year. When con artists call, they aim to get you fired up emotionally, so they tell you lies to terrify you into taking action. They may claim that your bank account has been hacked, that you are about to be arrested, or that your utilities will be shut off. The scammers know that you can’t make reasonable decisions when you’re in a heightened emotional state.

“One prevention tip is to reach out to a friend, a family member, someone you trust before you make any decisions. Run it by them, and see if it’s a good idea,” Shadel advised.

 

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