Digital Deception: How Cybercriminals Prey on the Elderly

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The 2023 statistics on the increase in cybercrime targeting elderly populations was recently published by the FBI’s Internet Crime Complaint Center (IC3). The following video describes some of the data and highlights the empirical evidence from nine additional cybersecurity companies showing trends in the threat landscape.

The data from the IC3 report show a significant increase in both the number of victims and the financial impact as shown on the figure below.

Chart showing magnitude of financial losses to elderly in the U.S.

The following figures show the number of complainants in 2023, as well as the financial impact on those over 60 years old.

This video used some of the recent summaries of vendor reports by Sinisa Markovic, Assistant Editor of HelpNet Security.

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Jane Ginn CTIN President & Co-Founder
Jane Ginn ~ As the co-founder of the Cyber Threat Intelligence Network (CTIN), a consultancy with partners in Europe, Ms. Ginn has been pivotal in the development of the STIX international standard for modeling and sharing threat intelligence. She currently serves as the Secretary of the OASIS Threat Actor Context Technical Committee, contributing to the creation of a semantic technology ontology for cyber threat actor analysis. Her efforts in this area and her earlier work with the Cyber Threat Intelligence (CTI) TC earned her the 2020 Distinguished Contributor award from OASIS. In public service, she advised five Secretaries of the US Department of Commerce on international trade issues from 1994 to 2001 and served on the Washington District Export Council for five years. In the EU, she was an appointed member of the European Union's ENISA Threat Landscape Stakeholders' Group for four years. A world traveler and amateur photojournalist, she has visited over 50 countries, further enriching her global outlook and professional insights. Follow me on LinkedIn: www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=janeginn
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