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 2021). It’s more important than ever to protect the older people in our lives from these innovative scammers.
To learn more about the prevalent scams targeting the elderly and how to safeguard our loved ones, we spoke with three cybersecurity and fraud experts. Here are the top senior financial scams and elder fraud tactics to be aware of, according to experts.