Overview

• Elderly victims reported over $3.4 billion in losses due to scams in 2023, marking an 11% increase from 2022.
• The FBI received over 100,000 complaints from seniors, with tech support scams being the most prevalent.
• Investment scams resulted in the highest financial losses, while new tactics like courier fraud are emerging.
• Authorities emphasize the need for greater protection from financial institutions and prompt reporting of scams.
• International efforts to arrest and prosecute scammers are intensifying, with a focus on transnational criminal networks.