FBI reports 43% surge in elder fraud; Tips to protect loved ones on World Elder Abuse Awareness Day

Financial losses from elder fraud schemes skyrocketed by 43% in 2024, with Americans over 60 losing nearly $5 billion to scammers, according to the Federal Bureau of Investigation. The FBI reported about 150,000 complaints of various schemes targeting seniors across the United States, highlighting a growing trend that combines traditional scam tactics with emerging artificial intelligence technologies.