All news with #elder fraud tag
Thu, October 30, 2025
Protecting Older Family Members From Financial Scams
🔒Elder fraud is rising sharply: in 2024 Americans aged 60+ reported nearly $4.9 billion lost to online scams, with an average loss of about $83,000 per victim. Effective protection pairs ongoing, shame-free family communication with practical technical measures and a clear remediation plan. Teach relatives to use a password manager, enable two-factor authentication, block popups and robocalls, keep devices updated, and verify any urgent financial request before acting.