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Older Americans’ Cybercrime Losses Soared to 3 Billion in 2021
Please Join Us
Vulnerable Adult Exploitation Crisis
Who: Doug Clark, Assistant Attorney General, Criminal Division Southern AZ White Collar and Criminal Enterprise Section What: Talk - Vulnerable Adult Exploitation Crisis
Cybercrime reported to the FBI cost Americans 50 and older nearly $3 billion last year, a 62 percent increase from 2020, according to data from the bureau. The steep rise in dollar losses came despite a drop in incidents reported by older adults to the FBI’s Internet Crime Complaint Center (IC3). Americans ages 50 and over filed 166,831 complaints with the cybercrime unit in 2021, down from 191,768 the year before. The FBI’s 2021 “Elder Fraud Report,” issued April 5, shows a similar trend across generations, with scam report numbers stable or declining but losses spiking for all age groups. Older adults continue to bear the heaviest cost from online crime, though, with an average loss per incident of $17,662 for people 50 and up, compared with $10,166 for younger adults.
Where: The Katie, 600 S Country Club, TEP Room, and also via Zoom.
When: Wednesday, May 25, 1 pm Why: To highlight the prevalence of financial exploitation of older adults and how to avoid it. If you prefer to attend in person, please use this link to register. Please keep in mind that seating is limited. https://exploitation.eventbrite.com (In person) If you prefer to attend virtually, please register with the link below. https://exploitationvirtual.eventbrite.com (Via Zoom)
Or RSVP to Donna DeLeon, ddeleon@pcoa.org, 520.790.7573 x1750
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May 2022, Never Too Late | Page 9
Pima Council on Aging
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