The FBI says elder fraud is a growing crisis, with America’s aging population losing more than $3 billion to scams in 2023. https://t.co/bbhx4Z6bUH
WATCH: @SheriffIvey discusses what is being done to protect Florida's senior population from criminal scammers https://t.co/IZSO5M8Spk
Column by Michelle Singletary: In 2024, consumers reported losing $470 million to scams that started with text messages, according to the FTC — a fivefold jump since 2020. https://t.co/rsRaIlqCQI
Financial losses from cybercrime increased by more than 33% in 2023, with seniors disproportionately affected, according to the FBI. The aging population in the United States lost over $3 billion to scams last year, highlighting a growing crisis of elder fraud. Consumers reported losing $470 million in 2024 to scams initiated through text messages, a fivefold increase since 2020, as noted by the Federal Trade Commission. In response, officials in states such as Iowa and Florida are intensifying efforts to combat online scams targeting older adults. Iowa Representative Zach Nunn is advocating for enhanced law enforcement tools to protect seniors, while Florida authorities, including Sheriff Ivey, are actively working to safeguard their vulnerable senior populations from evolving criminal tactics.