https://www.bleepingcomputer.com/news/security/ftc-older-adults-lost-record-700-million-to-scammers-in-2024/
Americans aged 60 and older lost a staggering $700 million to online scams in 2024, marking a sharp rise in fraud targeting seniors, according to the Federal Trade Commission.
The FTC noted that most of these scams start online, but are often also followed by phone calls made to intensify pressure and emotionally manipulate the victims while they’re in a vulnerable, isolated state. Older adults often become targets of scammers due to their access to larger financial reserves, trust or respect for authorities, and poor understanding of technology.