Protecting Seniors from Fraudsters by Brian Walker, Chief Compliance Officer
“How criminals are exploiting personal information to target vulnerable seniors in elder fraud.” In 2023, people over 60 lost a whopping $3.4 billion to scams, a 10.6% increase from 2022, according to the FBI's IC3 reports.[i] Unfortunately, headlines similar to the one above are all too common nowadays. Anyone can be a target of professional fraudsters but seniors are more vulnerable than any other group. According to a recent article from the National Council on Aging[ii] the latest scams targeting seniors are: Imposter Scams Tech Support Scams Online Shopping Scams [...]