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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.
April 30, 2024 at 3:54 PM. The FBI says 2023 was another big year for scammers swindling seniors. The new ‘Elder Fraud Report’ released Tuesday says those over 60 lost billions at the hands of ...
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 ...
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 ...
Scams and fraud targeting seniors. Seniors are also often deliberately targeted by scams, fraud, and misleading marketing – often by otherwise legitimate businesses. This may include: fraudulent investment or insurance schemes; fraudulent contracts (such as extended car or home warranties, which in reality cover nothing)
Knowing which scams are most commonly used to target older people can help. Two of the most common are the “grandparent” scam and romance scams, said Kathy Stokes, director of fraud prevention ...
Consequently, they are a favorite target for fraudsters. Seniors lose more money by far to scams than any other demographic, with the median loss totaling $350, the Better Business Bureau found ...
According to AARP (American Association of Retired Persons), popular scams targeting older adults in 2023 include COVID-19 fraud, bills for diabetes supplies, flimsy medical equipment sales, bogus ...
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