Elder Fraud in North Dakota

Financial scams targeting older Americans are increasing at an alarming rate, with Arizona reporting the highest number of fraud cases among residents age 60 and older at seven reports per 1,000 people, followed by Delaware and Colorado. Business imposter scams are the most common fraud type nationwide, though government imposter scams are more prevalent in six states including Alaska and Iowa. Experts warn that as digital banking and online payments become more common, older Americans should be vigilant about verifying the identity of anyone requesting financial information and consider reporting suspicious activity to the Federal Trade Commission.