Financial Vulnerability and Social Isolation with Marti DeLiema, PhD
Easy Prey10 Maj 2023

Financial Vulnerability and Social Isolation with Marti DeLiema, PhD

If you experience any high pressure tactics or urgency that someone needs you to make a financial decision fast, take a pause and realize that you might be talking to a scammer. Today's guest is Professor Marti DeLiema. Marti is an Assistant Professor and Gerontologist at the University of Minnesota. Her work focuses on identifying the extent and cost of financial fraud in the US as well as factors related to financial victimization of the aging.

Show Notes:
  • [0:48] - Marti shares her background and as a gerontologist, her focus on the aging.

  • [3:02] - When doing her research, Marti discovered that fraud is not limited to the elderly.

  • [4:16] - Why are older adults more likely to be targeted?

  • [5:50] - Executive functioning skills decline earlier than other abilities.

  • [7:30] - Social isolation can take form in a few different ways.

  • [9:47] - People who are grieving a loss are even more susceptible to scams.

  • [11:38] - Underreporting is a really big problem in the research and it is common among older adults and older victims.

  • [14:26] - Marti recommends reporting scams to the Federal Trade Commission.

  • [15:38] - To help prevent potential issues, start to think about who in your family or close circle can help make financial decisions.

  • [17:08] - Bringing people in actually makes you more in control.

  • [19:02] - There is a societal stigma about being a victim of a scam and it prevents older adults from sharing the situation for help.

  • [20:20] - There is a huge shift in our population in our demographics and the largest wealth transfer coming.

  • [22:09] - The world is very complex right now, especially when it comes to communication, technology, and finances.

  • [24:10] - Financial institutions can help prevent scams through strong customer service and education.

  • [26:36] - Marti shares an experience overhearing a retail manager explaining why he wouldn't let an elderly customer purchase any more gift cards.

  • [28:50] - Scammers will warn victims that they will be asked specific questions about their gift card purchase.

Thanks for joining us on Easy Prey. Be sure to subscribe to our podcast on iTunes and leave a nice review.

Links and Resources:

Avsnitt(321)

Art Heists

Art Heists

The world of art theft looks glamorous in the movies, but the reality is far more complicated. From multi-million dollar forgery schemes to undercover FBI operations recovering stolen national treasur...

29 Apr 37min

The Power of Prediction

The Power of Prediction

We make predictions all the time including about the weather, about traffic, about what someone is going to say next. It feels natural, even rational. But when algorithms start making predictions abou...

22 Apr 39min

Privacy vs Reality

Privacy vs Reality

Online security advice often sounds simple until you actually try to follow it. Between password managers, privacy settings, and data brokers, protecting yourself can start to feel like a full-time jo...

15 Apr 58min

Wired to Trust

Wired to Trust

It's easy to think scams only work when someone misses something obvious. In reality, most of them don't look obvious at the start. They show up as normal situations with just enough friction to notic...

8 Apr 41min

Intimate Partner Fraud

Intimate Partner Fraud

Most scams leave a digital trail. A fake email, a spoofed number, a fraudulent website. You can trace them, report them, sometimes even reverse them. But what happens when the scam has no digital trai...

1 Apr 45min

Identity without Passwords

Identity without Passwords

Every day, employees at hotels, restaurants, and resorts across the country are doing exactly what they were hired to do: being warm, responsive, and eager to help. It's what makes hospitality work. I...

25 Mars 38min

When Cybercrime Gets Personal

When Cybercrime Gets Personal

Most security breaches don't begin with sophisticated code or elaborate technical exploits. They begin with a phone call, a convincing email, or someone at a help desk who just wanted to be helpful. T...

18 Mars 45min

Stopping Phone Scams

Stopping Phone Scams

Phone scams get dismissed as background noise or just annoying interruptions and unknown numbers with robotic voices we learn to ignore. But behind that noise is an industry built on psychology, autom...

11 Mars 45min

Populärt inom Politik & nyheter

aftonbladet-krim
rss-krimstad
p3-krim
spar
svenska-fall
aftonbladet-daily
politiken
flashback-forever
rss-expressen-dok
rss-sanning-konsekvens
rss-krimreportrarna
kungligt
ett-rent-noje
rss-vad-fan-hande
motiv
blenda-2
grans
rss-frandfors-horna
rss-flodet
krimmagasinet