28% of all fraud losses are sustained by victims who are over 60 years old with losses totalling approaching US $1 billion. That figure represents a rise of around $300 million compared to losses reported by seniors in 2019. Elderly victims filed over 14,000 non-payment/non-delivery complaints experiencing losses over $40 million in 2020. Older adults often defrauded as a result of romance scams, tech support fraud, and investment scams. In addition, data suggests that hundreds of millions of dollars have been lost by companies through business email compromise attacks, facilitated unwittingly by staff aged over 60.”]