Article: Seniors Lost $1 Billion to Cybercrime in 2020: FBI

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Seniors Lost $1 Billion to Cybercrime in 2020: FBI

Nancy Bilyeau, 17 June 2021

People over 60 were the special targets of COVID-19-related Internet schemes and financial fraud in 2020, with 28 percent of the total fraud losses sustained by seniors, according to the FBI.

These Internet fraud schemes reaped approximately $1 billion in losses purely from seniors in 2020, the FBI said in a report released Tuesday.

“This represents an increase of approximately $300 million in losses reported in 2020 versus what was reported by victims over 60 in 2019,” said the report. Continue reading “Article: Seniors Lost $1 Billion to Cybercrime in 2020: FBI”

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