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Elder fraud is exploding, while crypto and speedy money transfers are making it tougher to recover stolen funds. Here are tips for staying safe: https://t.co/tEXEBclWmP https://t.co/cDJ5NNxq5c
Expert advice to protect your family from elder scams https://t.co/M5pUJLiNEl
Last year, Business Email Compromise (BEC) was the second costliest type of crime tracked by the FBI’s Internet Crime Complaint Center (IC3), leading to billions of dollars in reported losses. Read about common frauds and scams and protect yourself online: https://t.co/fEkPQNY0HH https://t.co/6UeKhoflya
An FBI report has revealed that scams targeting the elderly cost Americans over $3.4 billion in 2023. Business Email Compromise (BEC) was identified as the second costliest type of crime tracked by the FBI's Internet Crime Complaint Center (IC3), leading to billions of dollars in reported losses. Data brokers are fueling the rise of elder fraud, which is exacerbated by the increasing use of cryptocurrencies and rapid money transfers, making it more difficult to recover stolen funds. Experts are advising the public on how to protect their families from these scams.
