Scammers are out for elder adults

In a survey of scam victims, Feedzai has revealed that purchase scams are the most popular scam type for over 65s in the UK with 62% falling victim, trumping investment scams (15%) and romance scams (4%).

A phone call is the top route for fraudsters to target unwitting consumers (26%), closely followed by Facebook and other social media channels (24%) and email (20%).

Nearly a third (29%) of the victims surveyed have lost between £501 – £10,000 as a result of a scam
Taboo still remains, with victims feeling angry, ashamed, lonely, and afraid after falling for a scam.