How scammers exploit your data for 'pre-approved' retirement scams
The article discusses how scammers exploit personal data to target older adults with fraudulent retirement investment offers. Scammers purchase individuals' personal information from data brokers, which they then use to create an illusion of legitimacy and trustworthiness. They approach their victims, often elderly individuals, with "pre-approved" retirement investment opportunities, preying on their desire for financial security in their golden years. These scams can result in significant financial losses for the victims. The article highlights the importance of being cautious when presented with unsolicited investment offers, especially those claiming to be "pre-approved." It emphasizes the need for increased awareness and protection for vulnerable populations, as well as stricter regulations on the data brokerage industry to prevent such exploitation.
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