🔐Cybersecurity & Scam Protection: How Retirees Can Stay Safe in a Digital World

In today’s connected world, protecting your personal and financial information is just as important as safeguarding your retirement savings. Unfortunately, retirees have become prime targets for online scams and identity theft. The good news? With the right cybersecurity tips for retirees and a few simple precautions, you can stay one step ahead and keep your information safe.

The National Council on Aging also provides helpful advice on improving personal cybersecurity for older adults.

Here’s what every retiree should know about cybersecurity and scam protection.

Why Retirees Are Targeted

Scammers often see retirees as ideal targets because:

• They may have accumulated significant savings.
• They often own their homes.
• They may not be as familiar with the latest technology or scam tactics.

But awareness is your best defense.

5 Common Scams Targeting Retirees

1. Medicare Scams
   Scammers pose as Medicare reps asking for personal info or offering fake services.
   👉 Remember: Medicare will never call you to ask for your personal information.
   
   
2. Tech Support Scams
   A pop-up appears on your screen, warning of a “virus,” and provides a number to call.
   👉 One of the most important cybersecurity tips for retirees is to never give remote access to your computer unless you initiated the service with a trusted provider.
   
   
3. Romance Scams
   These often happen on social media or dating sites. The scammer builds trust, then asks for money.
   👉 Be cautious of anyone who avoids meeting in person and starts asking for financial help.
   
   
4. Grandparent Scams
   A caller pretends to be a grandchild in trouble and asks for money urgently.
   👉 Always verify by calling your family directly. Don’t be rushed.
   
   
5. Phishing Emails & Texts
   These messages look like they’re from your bank, Social Security, or other trusted sources.
   👉 Never click on suspicious links or download attachments you weren’t expecting.

6 Online Safety Tips for Seniors

• Use Strong, Unique Passwords
  Mix letters, numbers, and symbols. Avoid using the same password across accounts.
  
• Enable Two-Factor Authentication (2FA)
  This adds an extra layer of protection, usually with a code sent to your phone.
  
• Be Skeptical of Unsolicited Calls or Emails
  If it sounds too good to be true—or pressures you to act fast—it’s likely a scam.
  
• Update Your Devices Regularly
  Software updates often include security patches to protect against new threats.
  
• Shred Documents with Personal Information
  Don’t just toss them. Identity thieves can still use old mail to gather data.
  
• Monitor Your Accounts and Credit Reports
  Check statements regularly. Consider placing a freeze on your credit if you’re not applying for loans or new credit cards.

What to Do if You Think You’ve Been Scammed

If you suspect you’ve been targeted:

• Don’t panic—but act quickly.
• Contact your bank or financial institution immediately.
• Report the scam to the FTC at reportfraud.ftc.gov.
• Reach out to a trusted advisor—we’re always here to help you navigate these situations.

Stay alert. Stay informed. And as always, stay connected with your LifePlan team.

Looking for More Straightforward Financial Guidance?
If you found this article helpful, you’ll enjoy our radio show, Michigan’s Retirement Coach with Mike Douglas. Each episode is packed with practical tips to help you make smart decisions throughout retirement.
🎧 Tune in to the latest episodes here.