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Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
Seniors lose more money by far to scams than any other demographic, with the median loss totaling $350, the Better Business Bureau found. And not surprisingly, there has also been a tide of ...
The FBI-Boston reports that the most common elder fraud schemes reported to IC3.gov in 2023 were "tech support scams, confidence and romance scams, investment scams, and government impersonation ...
Seniors' level of vulnerability to this type of exploitation varies by the type of scam. For example, the AARP found that lottery fraud victims were more likely to be women over 70 living alone, with lower education, lower income, and less financial literacy, while victims of investment fraud were more likely to be men between the ages of 55 ...
Elderly individuals may not always be tech-savvy, which can leave them particularly vulnerable to online fraud Elderly man with headphones smiling at phone, potentially involved in a deepfake scam.
Plus, five more scams you'll want to know about that target older individuals. The #1 Elder Financial Scam And How To Protect Your Loved Ones—According to Top Cyber Security Experts Skip to main ...
Seniors offer an easy jackpot for scammers, to the tune of $3 billion in losses annually. They are often homeowners, sitting on top of savings, and in good credit. They are often homeowners ...
Online scammers prey on fear and uncertainty, says Levin, so it’s no surprise that COVID-19 related fraud has been skyrocketing—and the most vulnerable group, people age 62 and older, are in ...
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