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Sense of security and susceptibility of the elderly to fraud

This phenomenon of targeted fraud is not only seen in my country, but also occurs worldwide. The US Federal Trade Commission's 2017 Consumer Sentinel Network data booklet shows that the target plan for people aged 60 to 69 is the highest, at 19%, and the target for people aged 70 to 79 is 11%. The amount of property loss increases with age, and the subsequent property loss is much higher [1]. A study on the prevalence of fraud in American cases showed that the prevalence of theft cases involving financial fraud within 1 to 5 years is 5.6%, which means that one in every 18 cases may involve financial fraud [2]. According to the crime survey data of England and Wales, 4.0% of cases over the age of 75 are victims of fraud [3].

Many people do not know or are unwilling to report that they have encountered fraud for various reasons [4]. Therefore, it is still impossible to accurately estimate the incidence of hypothetical fraud. The actual prevalence of serial fraud may indeed be higher than the existing data.

Types of broadband fraud

Common types of fraud for the elderly include health, telephone, emotional, investment, advertising, elderly services, superstition, and street fraud[5]. Health product scams, low-price promotion scams, financial scams, and telephone scams are the most frequent, frequent, and costly types of fraud among the elderly[6]. Different types of scams also have different characteristics and methods