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Over 65s are 3 times more likely to be victims of scams than burglary

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Over 65s are 3 times more likely to be victims of scams than burglary

Perhaps due to the ever increasing use of technology in society, and older people being unable to keep up with the changes, a report from the Centre for Counter Fraud Studies last year warned that over 65s are more likely to fall victim to online scams and fraud than physical burglary.

An old person using a laptop

The most common are identity theft, inflated fees and fake competitions.

Age Scotland is particularly worried about online banking with the rapid move towards a potentially cashless society. Their Head of Policy and Communications, Adam Stachura said:

“Around 500,000 people in Scotland over 60 don’t use the internet so managing their finances online isn’t an option… Older people have shared with us their distrust in relying solely on technology and their fear of scams.”

A more recent report from Access to Cash Review warned that 7 out of 10 vulnerable people more likely to be scammed if we do become a cashless society.

Victims of fraud or scams can be left with feelings of anger, stress, and embarrassment, and not want to tell family members what happened, which may contribute to the ‘loneliness epidemic’ facing older people.