Monday, October 3, 2022
Home PENNSYLVANIA Billions stolen every year in senior scams, FBI says

Billions stolen every year in senior scams, FBI says

The FBI’s most recent elder fraud report showed that cybercrime costs Americans over the age of 50 nearly $3 billion last year. That was an increase of 62% from the previous year.”One of the heartbreaking parts of my jobs of monitoring scams is the occasional conversations I have with adult children, who just found that their elderly parents have been scammed,” Brian Roche, a consumer reporter at our sister station WGAL, said.The nearly $3 billion number from the FBI could be much higher because the same report shows that seniors are also less likely to report fraud.The Federal Trade Commission says 44% of younger people, who are in their 20s, reported losing money to fraud. Only 20% of those in their 70s did the same.Seniors may be too embarrassed to report the loss for fear of losing their financial independence. The elder fraud report shows that the older a person is, the greater the financial loss in a scam.Pennsylvania ranks seventh in the country in the number of total victims and sixth in the country with reported losses of $77 million.Top scams targeting seniorsRoche said these are the top three scams targeting senior citizens:Computer tech scams.Romance scams.Grandparent scam.”Many people who I have talked to about their senior parents being scammed say they wish they had talked with their parents about ways to protect themselves from scams,” Roche said.You can find tips on talking to your older parents on scams here.Related: Last year, Brian spoke to a woman who lost hundreds of thousands of dollars to the romance scam. You can watch that story here.

The FBI’s most recent elder fraud report showed that cybercrime costs Americans over the age of 50 nearly $3 billion last year. That was an increase of 62% from the previous year.

“One of the heartbreaking parts of my jobs of monitoring scams is the occasional conversations I have with adult children, who just found that their elderly parents have been scammed,” Brian Roche, a consumer reporter at our sister station WGAL, said.

The nearly $3 billion number from the FBI could be much higher because the same report shows that seniors are also less likely to report fraud.

The Federal Trade Commission says 44% of younger people, who are in their 20s, reported losing money to fraud. Only 20% of those in their 70s did the same.

Seniors may be too embarrassed to report the loss for fear of losing their financial independence. The elder fraud report shows that the older a person is, the greater the financial loss in a scam.

Pennsylvania ranks seventh in the country in the number of total victims and sixth in the country with reported losses of $77 million.

Top scams targeting seniors

Roche said these are the top three scams targeting senior citizens:

  • Computer tech scams.
  • Romance scams.
  • Grandparent scam.

“Many people who I have talked to about their senior parents being scammed say they wish they had talked with their parents about ways to protect themselves from scams,” Roche said.

You can find tips on talking to your older parents on scams here.

Related: Last year, Brian spoke to a woman who lost hundreds of thousands of dollars to the romance scam. You can watch that story here.



Source link

RELATED ARTICLES

An Allegheny County woman has been missing for weeks; police believe her boyfriend is responsible

Allegheny County police said Monday they are searching for a woman who has been missing since Sept. 11. Police believe her boyfriend may...

108-year-old woman celebrated on her birthday shares her secret to a long life

She has been *** staple of this south suburban Chicago community for more than six decades. I'm very fortunate that I have my...

High school senior fighting rare brain cancer crowned homecoming queen

WELL, NEW ON WLWT, A SPECIAL SHOW OF SUPPORT AT FRANKLIN COUNTY HIGH SCHOOL TONIGHT IN INDIANA FOR A SENIOR TAKING CENTER STAGE....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

University of Richmond biologists help conservation experts manage aggressive invasive species in Chesapeake Bay

RICHMOND, Va. (WRIC) — A University of Richmond biology professor, Carrie Wu, and her students partnered with conservation experts at the Virginia Department...

Schoharie man arrested for alleged weapon and controlled substance possession after traffic stop

SCHOHARIE, N.Y. (NEWS10) — A Schoharie man was arrested in Wilton on Sunday, following a traffic stop, for alleged possession of a loaded...

Dearborn parents charged in abuse of one-month-old

A Dearborn man and woman accused of abusing their one-month-old baby last week have been charged, police said Monday.Murtadha Almeamaar, 31, and Amy...

An Allegheny County woman has been missing for weeks; police believe her boyfriend is responsible

Allegheny County police said Monday they are searching for a woman who has been missing since Sept. 11. Police believe her boyfriend may...

Recent Comments