As a geriatrician, I have seen firsthand how older adults are increasingly becoming targets for fraud and scams. The consequences of falling victim to these schemes can be devastating, causing trauma, shame, and self-doubt among the elderly population. It is essential to educate older Americans on how to identify and avoid fraud, as well as how to report such crimes to mitigate the impact of this growing epidemic.
According to a recent FBI report, Americans over the age of 60 lost more than $3 billion to scammers in 2023. This represents a significant increase in financial losses compared to previous years. The report also highlighted that tech-support scams were the most commonly reported type of fraud targeting older adults, followed by romance scams, online shopping swindles, and investment frauds.
Elder fraud is on the rise, with a 14% increase in complaints submitted by Americans over 60 to the FBI’s Internet Crime Complaint Center in 2023. These numbers may actually be higher, as many fraud victims never report their experiences out of fear, embarrassment, or uncertainty about what to do. It is crucial to raise awareness about the prevalence of fraud targeting older adults and provide them with the tools to protect themselves.
To prevent falling victim to scams, the FBI recommends being cautious of unsolicited phone calls, mailings, and door-to-door service offers. It is also important not to click on unsolicited links in emails or texts, as they may be phishing attempts. Additionally, avoiding giving personal information, money, or access to electronic devices to unverified individuals or businesses can help reduce the risk of fraud.
If you suspect that you have been scammed, it is essential to take immediate action to protect your identity and financial accounts. Contact your financial institutions to place protections on your accounts and monitor them for any suspicious activity. You can also report the scam to your local FBI field office or submit a tip online with as many details as possible.
Remember, falling for a scam can happen to anyone, and it is crucial to seek support from trusted individuals, support groups like the AARP Fraud Watch Network, or counseling services if needed. By raising awareness, educating older adults, and providing resources for those who have been scammed, we can work together to combat this epidemic of fraud targeting older Americans.
