Elder Fraud Losses Surge to $3.4 Billion in 2023, According to FBI Report

Older Americans over 60 faced a sharp increase in financial scams, with losses rising by 11% from the previous year.

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.