From investment to phishing and remote-access scams, over-65s are losing more money than any other age group. 

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Need to know

  • In a National Seniors survey, 1100 of 5000 respondents said they’d been scammed. 
  • In a payment redirection scam, one elderly woman lost $370,000 that she thought she was sending to an aged care home. 
  • Even the most cautious consumers can fall victim to scams, which are increasingly sophisticated.

As if getting older didn’t present enough challenges, Australia’s senior citizens are now also more likely to have their lives upended by scammers. 

Simply put, the older you are, the more likely you are to fall prey to criminals trawling for victims in the digital world or via your phone. And the problem is only getting worse, as scams have become sophisticated enough to take in even the most cautious of consumers. 

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