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I walk my dog in the mornings with a group of senior citizens, and they like to ask me questions because I "know" computers. Whether I "know" computers is highly debatable, but their questions made me realize how vulnerable older adults are to cybercrime and fraud.
The amount of money lost to cybercrime by American citizens is staggering. If you break down the losses by age group (per the 2017, 2018, and 2019 FBI Internet Crime Complaint Center reports), people over the age of 60 lost more money than every other group — usually more than several age groups combined.
What's particularly sad is this number is almost certainly much higher than we know. An AARP study estimates only 25% of senior fraud victims report the crime.
Many victims are embarrassed or worried family members will think their judgment is impaired or pressure them to give up control of their financial affairs. Many of them lived much of their lives and careers without computers, so they often aren't as aware of practices that can keep computers safe, such as p ..
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