Fraud Intelligence & Prevention

High-Loss Scams Targeting Seniors in America

Backed by recent federal reporting data, older adults face severe financial exposure driven by high-loss investment schemes, AI-driven manipulation, and complex multi-tier fraud operations.

High-Loss Investment & Crypto Schemes

The single largest financial loss category for older adults, exceeding $3.5 billion annually through fraudulent digital platforms and pig-butchering setups.

  • Guaranteed high-yield cryptocurrency promises
  • In-person cash couriers collecting physical capital
  • Targeting retirement accounts and 401(k) rollovers

Tech Support & Customer Service Fraud

Accounts for over $1 billion in annual losses, triggered by browser pop-ups, fake malware warnings, or calls impersonating major technology brands.

  • Deceptive system lockouts and toll-free prompts
  • Remote desktop software installation requests
  • Silent infiltration of personal banking portals

Romance & Confidence Fraud

Generates nearly $584 million annually by building long-term emotional dependencies before staging sudden financial or medical emergencies.

  • Gradual trust-building over online channels
  • Fabricated international travel or crisis stories
  • Demands for gift cards or wire transfers

Business Email & Account Compromise

Accounts for roughly $568 million in reported losses, targeting high-net-worth seniors and small business owners during major transactions.

  • Compromised email monitoring during transactions
  • Intercepted real estate or retirement wire instructions
  • Fund diversion into overseas destination accounts

Government & Agency Impersonation

Generates over $413 million in losses via spoofed calls pretending to be the SSA, IRS, or federal law enforcement bodies.

  • Threats of immediate arrest or benefit seizures
  • Demands to move capital to "safe lockers"
  • Conversion of assets into digital currencies

Recovery & Double-Victim Scams

A rapidly expanding secondary market targeting individuals who have already lost money to prior online schemes.

  • Fake cyber agents or asset recovery firms
  • Upfront retainer or legal fee demands
  • Secondary financial exploitation of past victims
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5 red flags every Senior should know

If you encounter any of these — stop and call someone you trust.

They create urgency — "Act NOW or lose your account!"

They ask for gift cards, wire transfers,  crypto, or social. 

They claim to be Medicare, Social Security, or the IRS

They ask for remote access to your computer or device

The email address doesn't match the company name

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