Surge in fraud for those 60 or older costs them billions, FBI says

A new report by the Federal Bureau of Investigation (FBI) found that fraud schemes targeting elderly Americans cost victims over $3 billion in 2023.

The FBI's elder fraud report was compiled by the Internet Crime Complaint Center (IC3), which found that complaints filed by victims over the age of 60 rose 11% from 2022 with 101,068 complainants falling into that age range in 2023.

Those complainants reported over $3.4 billion in total losses, with an average dollar loss of $33,915 per victim.