Fraudsters are getting smarter. Here's how to spot scams and protect your family's nest egg.
Update: 2025-10-30
Description
Scammers are exploiting older adults, with a staggering $3.4 billion lost in 2023 due to fraud. Emotional vulnerability, isolation, and trust in familiar faces make seniors prime targets. Scams like the grandparent scam and 'pig butchering' use AI and fake investment opportunities to deceive. Experts advise slowing down, verifying details, and seeking support if scammed. Staying alert and open is key to protecting oneself from these professional fraudsters.
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