*Learn more about common types of scams and prevention tips so you can feel more confident in your day‑to‑day. Common types of scams targeting seniors include: Bank impersonation scam: Fraudsters may call pretending to represent a bank or law enforcement official. They can even spoof the phone number on your call display to make the call seem legitimate. They may ask you to share your 6-digit one-time verification code, which you should never share with someone who has called you. When you receive a verification code, always read the message in full. And if you're in doubt about the security of a call, disconnect immediately. Grandchild emergency scam: Impersonators are known to call and claim to be a grandchild in an emergency asking for money. Even if they look or sound like your loved one, be wary. Romance scam: Usually initiated through social media and dating apps: a relationship is built then money is requested. Investment scam: High return investments usually come with high risks. Do thorough research before engaging in any activity. If it sounds too good to be true, it usually is. What to do if you detect a potential scam or fraud: Never share your personal or financial information including personal identification numbers (PINs) and passwords Verify a caller’s identity by calling a trusted number affiliated with the financial institution or business that you can trust Be on alert if you spot spelling mistakes, threatening language or strange email addresses in texts or emails Be cautious reacting to urgent requests: it is a strategy used by fraudsters to make you panic and rush into risky decisions *Courtesy of CIBC