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And seniors are taking the brunt of it. The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing ...
"Scams targeting individuals aged 60 and older caused over $3.4 billion in losses in 2023 − an increase of approximately 11% from the year prior," an FBI news release reads. "The average victim ...
According to the FBI, older victims are more likely to be targeted by scams, with more than 101,000 people over 60 reporting fraud in 2023 compared to about 18,000 fraud victims age 20 and under ...
Spokeo warns to watch out for these 10 senior citizen scams that target their hard-earned savings. 1. Romance Scams. Flattery has no expiration date, and many a lonely or bereaved senior has found ...
Elder financial abuse is a type of elder abuse in which misappropriation of financial resources or abusive use of financial control, in the context of a relationship where there is an expectation of trust, causes harm to an older person. The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the ...
The blessing scam, also called the ghost scam or jewelry scam, is a confidence trick typically perpetrated against elderly women of Chinese origin. The scam originated in China and Hong Kong and victims have fallen to it worldwide including in Chinatowns and overseas Chinese communities. The object of the scam is to persuade the victim to put ...
Voice phishing. Voice phishing, or vishing, [1] is the use of telephony (often Voice over IP telephony) to conduct phishing attacks. Landline telephone services have traditionally been trustworthy; terminated in physical locations known to the telephone company, and associated with a bill-payer. Now however, vishing fraudsters often use modern ...
In 2023, banks reported more than $27 billion in suspicious activity related to elder scams, according to the Financial Crimes Enforcement Network, and ... 6 Scams Every Older American Should Know ...