Fraud scams targeting older adults are on the rise, with significant financial losses. A large demographic of people 60 and older are being targeted, often due to accumulated wealth and trusting nature. Scammers frequently impersonate authorities, such as law enforcement or government agencies, to deceive victims.

Repeated targeting of victims is common, with those who fall for scams once being targeted multiple times. The financial toll is substantial, with billions lost to these scams.

Further information on these scams and how to avoid them is available from the FBI, which has reported a high volume of complaints and significant financial losses.