The ‘Scamdemic’ Is Another Consequence Of Covid-19

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By Ellen Marks, Next Avenue

It might come as an email, disguised as a message from a friend who needs help buying a gift card.

It might be a phone call, threatening jail time if you don’t immediately pay a fine for missing jury duty.

Or it might be a budding online relationship with someone who promises to be the love of your life.

These schemes, and a multitude of others like them, are completely bogus, but they pose a very real threat to those who receive them. And while such scams and fraud are ubiquitous to everyone, they pose specific threats to those who are older.

Last year, more than 92,000 victims over the age of 60 reported losses of $1.7 billion to the FBI’s Internet Crime Complaint Center. That was a 74% increase in losses over the year before.

“The number of elderly victims has risen at an alarming rate, while the loss amounts are even more staggering,” according to the center’s 2021 Elder…

Read full article at www.forbes.com