Covid and Tech reported deception to American adults – a retirement research center
Covid and technological advances have created a complete storm of fraud in the elderly Americans.
Between 2019 and 2023, the number of fraud charges were reported to the Federal Trade Commission over twice as much of 2.6 million. But losses from these scams are recent about $ 10 billion, indicating that scammers are becoming more effective.
“Modern Scams are more organized, more-based,” said Ray Belce, the Tiaa deputy president said in a new report of the impact on over 60 Americans.
Older people have been inclined to form deck for the highest social division prices, which are raised during the Covid. This is especially true when they are separated, single, or widows and do not have someone to talk to about it, to show the research. But being in their danger is also being exploited by new technology and unknown personality that set them into credit card information and social security numbers.
These things, when combined with brain deteriorates for the adults of Americans, may contribute to growing losses from the epidemic. The average losses from the Scams of more than 60 people reported to FBI – almost very serious cases – up to $ 34,000 in 2023, from the year of Tia Institute, according to Tiaa Institute.
The danger in this regard is that a successful scam can threaten financial safety as people approach age of retirement or retire and live in a solid budget.
The most common type of fraud comes to emails or calls that require personal information from people who are from reliable organizations. Calls from government blocking holes from IRS, social security, or the conclusion the Financial Protection Bureau is organized during the epidemic and has dropped but not disappeared. Now they sell other private pairs, which also entered the time of Covid, a major threat, according to FTC details in the TIAA Institute. .
Depths that imitate the words of relatives or work with them and are used to obtain information from older people. And the Scammers learned to use social media and AI to clear the Internet for personal information about people they can use when they go to them.
“These technology tools have frightened officials because enhanced scams are very difficult for consumers to identify as fraud,” said Tiaa Institute.
Data to the reported fake loss is the FTC showing a great risk of American. The loss of fraudulent fraud has been reported over 70 years of age three times more than the reporting loss of adults, according to Tiaa Institute.
Fortunately, researchers have found some success in defending deception. In some cases, trained people are trained to monitor the deprivation by producing scams hanging on the email platform.
But this is some techniques designed for technology to prevent fraudulent, such as the complex passwords or account monitors, it is difficult to use to a large extent and may not work properly with the elderly.
Technology progresses in lightning speed. It will be a major challenge to resist and protect the consumers.
Author End Kim Blanton invite you to follow us @Squaredawaybc In x. Keeping now in our blog, join Our free email list. You will receive an email each week – with a link from the top of the week – when you Register here. This blog is supported by a retirement research center in Boston College.
