Fraud against people older than 60 increased by 11% in 2023, according to a report released by the FBI on Tuesday.
People older than 60 lost more money in scams in 2023 than the previous year -- an 11% increase totaling more $3.4 billion overall, according to a new report released by the FBI on Tuesday.
The FBI says only about half of the more than 880,000 complaints received by its Internet Crime Complaint Center in 2023 included age data. James Barnicle, the head of the FBI's Financial Crimes Section, urged financial institutions to do more in protecting elderly from scams. He told reporters on a conference call on Tuesday, that once the transfer is made they are "hands off."
Across the United States, illegal call scams, which include people posing as fake government officials or fake customer support representatives, netted more than $700 million in 2023 -- with almost half of those victims above the age of 60.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comparison: 2023 Hyundai Santa Fe vs 2023 Kia Sorento PHEVs | Car ReviewsHow to choose between the 2023 Hyundai Santa Fe PHEV vs 2023 Kia Sorento PHEV? Auto123 compares two attractive plug-in SUVs options.
Read more »
How much money Americans in their 40s saved in 2023—and 3 strategies to save morePeople in their 40s are often balancing multiple financial goals, but they placed second on the list of age groups that saved the most in 2023.
Read more »
How much money Americans in their 40s saved in 2023—and 3 strategies to save morePeople in their 40s are often balancing multiple financial goals, but they placed second on the list of age groups that saved the most in 2023.
Read more »
Armored car robberies, bank stick-ups surged in Chicago in 2023, FBI data showsArmored car robberies in the Chicago area have become an expensive and dangerous problem.
Read more »
How much money Americans in their 50s saved in 2023—and 3 ways to save morePeople in their 50s may have saved the least when compared with younger age groups younger, but there are ways they can stash away more this year.
Read more »
How much money Americans in their 50s saved in 2023—and 3 ways to save morePeople in their 50s may have saved the least when compared with younger age groups younger, but there are ways they can stash away more this year.
Read more »