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The FBI's report on fraud schemes targeting the elderly found that Americans over 60 lost more than $3.4 billion to scams in 2023, with tech support and data breaches the most common.
Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson Reuters data (and 2022 was already a record year, up 50 percent from ...
Seniors tend to own their homes and have strong credit and ample savings, according to the FBI. They're also less likely to report fraud and tend to be less familiar with technology. Consequently ...
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 ...
Elder – any of several types of fraud in which older people are frequently targeted, including economic abuse, § romance, § lottery, and sweepstakes. [10] Electoral, or election manipulation, voter fraud, vote rigging – illegal interference with the process of an election, either by increasing the vote share of a favored candidate ...
Lee said that, according to Sift’s just-released first quarter Digital Trust & Safety Index, 33% of Gen Z consumers in the U.S. know someone who has participated, or have personally participated ...
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