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Local bank tells Health and Social Services Committee how scams target older adults, offers safeguards
Summary
Ridgewood Savings Bank representatives briefed the Health and Social Services Committee in Morris Park on common scams targeting older adults — from door-to-door and roof-repair fraud to 'pig butchering' — and described bank safeguards including transaction alerts, in-branch help, and bill-pay options.
Ridgewood Savings Bank representatives briefed the Health and Social Services Committee in Morris Park on common scams that prey on older adults and outlined steps customers and the bank can take to reduce losses.
Mister Fisher, a Ridgewood Savings Bank representative, told committee members that scams are rising and that many rely on simple social engineering: someone offering to cut a yard, dropping a banknote in a store aisle, or asking for cash up front for repairs. "Scamming has increased over 22% since 2022," he said, and he added that the figure reflects reported cases only. The presenters warned that scammers also impersonate agencies such as Social Security and Medicare and often pressure victims to act immediately.
The presentation described several…
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