Cyber scammers are increasingly targeting elderly populations worldwide, exploiting trust and technological gaps to commit fraud. In Japan, a notable trend involves Indian students from Delhi and Uttar Pradesh learning Japanese to deceive the country's elderly, resulting in losses amounting to crores, which are often converted into cryptocurrency. This follows similar patterns observed in the United States and Australia during 2023-24. Authorities in Japan have raised concerns with India regarding these scams. In the United States, tech support fraud remains a leading crime affecting older Americans, with reported losses exceeding $1 billion nationwide. Law enforcement agencies, including the FBI, are actively educating seniors on recognizing and avoiding such scams. Additionally, advances in voice-cloning AI technology have introduced new risks, as scammers use artificially generated voices resembling grandchildren, sourced from platforms like TikTok, to defraud elders of funds for bail and medical expenses. Experts emphasize the need for stronger international cooperation, uniform cyber laws, and faster information sharing to combat these transnational cyber fraud schemes.
Grandparents. Parents. Anyone with a phone ... you want to read this. In @Forbes, our CEO J.D. Seraphine issues a chilling warning: 🎭 Voice-cloning AI is tricking elders using their grandkids’ voices lifted from TikTok to scam them out of bail money & medical funds.
Which demographic is most vulnerable to cyber scams, and what kinds of scams do they fall prey to? Take a Wall Street Journal quiz to test your knowledge. https://t.co/xlnrPQWOMt
#FBI Boston joined our partners @CountyBerkshire @IRSnews & @DMAnews1 in Pittsfield, MA this week to educate area seniors on the latest elder fraud scams & steps they can take to avoid becoming victims. Learn how you can protect yourself & your loved ones: https://t.co/XcV5raBLb3 https://t.co/u7Ovrt63aY