- Category: Widget
- Published: Thursday, 14 January 2016 18:23
- Written by Isaac
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Business Bank on Staten Island Warns of Phone Scams Targeting Seniors
Don’t be tricked into wiring money for a fake emergency, warns Victory State Bank.
Seniors are commonly at risk for scams that target their concern about loved ones, notes Staten Island’s only community-based commercial bank.
The New York City Department of Consumer Affairs (DCA) explains: When seniors get an email or phone call in the middle of the night stating that their grandchild is in serious trouble due to a car accident, jail time, detention in a foreign country, or any other emergency scenario, the first reaction may be to help by sending money quickly.
However, creating that sense of urgency is part of a sophisticated scam that preys on the elderly.
What makes the conversations with fake police officers, lawyers, and doctors convincing is that the caller may know personal details about the supposed victim and the caller ID may be manipulated to appear legitimate.
Sometimes the caller will even impersonate the troubled grandchild, DCA warns.
The financial losses tend to be thousands of dollars, so resist the pressure to act quickly and instead contact family to confirm the story and avoid wiring money based on a phone or email request.
About Victory State Bank
VSB Bancorp, Inc. (OTCQX: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at www.VictoryStateBank.com.