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Boomers are getting scammed for billions online — here's how to break the cycle

3 0
14.06.2025

Last year, Americans over the age of 60 lost nearly $5 billion to online scams. This is an all-time high and a 43 percent jump from 2023, according to the FBI.

Those over 60 suffer the largest financial losses of any age group, and the number of complaints is growing. This is not a temporary issue, but a persistent national crisis.

The scale is vast, with more than 147,000 victims in 2024 alone, averaging $83,000 in losses per victim. Yet elder fraud rarely receives the national coverage it deserves. While headlines follow ransomware attacks on corporations, the daily, grinding exploitation of our parents and grandparents unfolds largely in silence.

In the workplace, we reinforce cybersecurity through mandatory training, simulated phishing tests and modern technical controls. Cognitive defense, the ability to spot and resist manipulation, is cultivated in corporate environments.

But what happens after retirement? That........

© The Hill