Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Seniors Lose Billions to Cyber Scams in 2023

May 6, 2024
Reading Time: 3 mins read
in News
Seniors Lose Billions to Cyber Scams in 2023

Cyber scams targeting seniors are sharply on the rise, with those over the age of 60 suffering more than $3.4 billion in total losses in 2023, marking an 11% increase from the previous year. This alarming statistic comes from the FBI’s 2023 Elderly Fraud Report, which was released to highlight the growing issue and enhance awareness. According to the report, the most common types of fraud affecting seniors include tech support scams, investment and cryptocurrency scams, personal data breaches, and confidence and romance scams.

Laura Eimiller, an FBI public affairs specialist, notes that cybercriminals continue to leverage our dependency on technology to launch a variety of attacks, often targeting the elderly due to their perceived vulnerability. The report details that tactics used by these criminals include phishing, spoofing, extortion, and various types of web-based fraud. This has led to a significant number of elderly Americans facing not only financial loss but also severe emotional and psychological distress, with some even driven to remortgage homes or exhaust their savings.

In 2023 alone, the FBI’s Internet Crime Complaint Center (IC3) received over 101,068 complaints from seniors, indicating a 14% increase from the previous year. However, the FBI believes that the actual number of cyber scams could be much higher, as many incidents go unreported due to victims’ embarrassment. The most severe financial impacts were noted in populous states like California and Florida, which recorded the highest losses, approximately $620 million and $181 million respectively.

In response to these threats, the FBI has ramped up its cybersecurity measures and training more than ever before, aiming to stay a step ahead of attackers. They advise seniors to practice good cyber hygiene, such as updating anti-malware and antivirus software, and to be skeptical of unsolicited phone calls, emails, or messages. The FBI also encourages anyone who believes they have been a victim of a cyber scam to report it immediately, either through their local FBI field office or the IC3, emphasizing the importance of quick reporting in mitigating damage and potentially catching the perpetrators.

Reference:
  • Cyber Scams Targeting Seniors Surge, Costing Billions in 2023
Tags: Cyber NewsCyber News 2024Cyber ScamsCyber threatsCybersecurityElderly Fraud ReportFBIMay 2024Seniors
ADVERTISEMENT

Related Posts

Half Of Mobile Users Face Daily Scams

Half Of Mobile Users Face Daily Scams

June 11, 2025
Guilty Pleas In 37M Pig Butchering Scam

Guilty Pleas In 37M Pig Butchering Scam

June 11, 2025
Swimlane Raises $45M For AI SecOps Platform

Swimlane Raises $45M For AI SecOps Platform

June 11, 2025
Texas Creates Largest US State Cyber Command

FBI Taps Brett Leatherman As New Cyber Chief

June 10, 2025
Texas Creates Largest US State Cyber Command

Texas Creates Largest US State Cyber Command

June 10, 2025
Texas Creates Largest US State Cyber Command

WordPress Fight Leads To New FAIR Manager

June 10, 2025

Latest Alerts

Fake Sora AI Lure Installs Infostealer

FIN6 Uses Fake Resumes To Hack Recruiters

Microsoft Fixes Exploited WebDAV Zero Day

Google Bug Exposed Any User’s Phone Number

Roundcube RCE Flaw Risks 84,000 Servers

New Skitnet Malware Arms Ransomware Gangs

Subscribe to our newsletter

    Latest Incidents

    BHA Hit By Ransomware But Races Continue

    Sompo Data Breach Puts 17.5M Records At Risk

    DDoS Disrupts Roularta Media In Belgium

    Texas DOT Breach Leaks 300K Crash Reports

    Illinois HFS Employee Phishing Leaks Data

    Cyberattack Disrupts UNFI Food Deliveries

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial