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the-sun.com
· 2025-12-08
An elderly woman in her 70s in Clark County, Washington was defrauded of over $500,000 in a sophisticated gold scam in which perpetrators impersonated Federal Office of Inspector General officials and convinced her that her social security number was compromised. The scammers pressured her to withdraw funds and purchase gold coins, which they claimed an "undercover agent" would safeguard and return, but the money was never returned. The Clark County Sheriff's Office is investigating this case alongside a similar incident in Portland, Oregon, and authorities believe the crimes may be linked.
newsbreak.com
· 2025-12-08
A woman in her 70s in Clark County, Washington lost over $500,000 in a gold coin scam after scammers impersonating law enforcement and federal agents convinced her that her social security number was compromised and her money needed to be safeguarded. The scheme operated over several months, ultimately tricking the victim into withdrawing funds and purchasing gold coins that were promised to be returned by an "undercover agent" but never were. Authorities are investigating whether this case is linked to a nearly identical scam in Portland, Oregon involving gold bars, as the pattern of official impersonation and asset protection claims appears consistent across both incidents.
the-sun.com
· 2025-12-08
An elderly Portland man lost $170,000 in a sophisticated gold bar scam in which he was manipulated into purchasing fake precious metals after receiving a call claiming his social security number had been compromised. The scheme mirrors a similar Clark County case where a victim lost $500,000, and law enforcement reports this type of fraud targeting retirees is on the rise, typically employing high-pressure tactics and false promises of returns. Authorities urge potential investors to exercise caution and conduct thorough research before precious metals purchases, and encourage victims to report suspected scams to local law enforcement or consumer protection agencies.
cryptopolitan.com
· 2025-12-08
This article is not about elder fraud and falls outside the scope of Elderus, which focuses on scams and abuse affecting seniors. The piece discusses bot activity on the X platform in general, with some mention of cryptocurrency scams, but does not address elder-specific fraud, elder abuse, or target elderly populations. It would not be appropriate to summarize for this database.
cointelegraph.com
· 2025-12-08
Binance co-founder Changpeng Zhao called on Elon Musk to ban automated bots from X (formerly Twitter), which are used to spam the platform and perpetrate scams including fake token promotions, phishing attacks, and pump-and-dump schemes targeting crypto investors. Automated bots on X have also been weaponized for romance scams using AI-generated content and coordinated price manipulation of altcoins, though Musk has proposed solutions such as charging account creation fees without successfully implementing widespread bot controls since acquiring the platform in 2022.
10tv.com
· 2025-12-08
The Better Business Bureau's 2024 scam tracker report found that crypto-investment scams remain the riskiest fraud type, with a median loss of $5,000, and that romance scams leading to crypto investments are increasingly common in Central Ohio. John Guthman lost $42,000 after meeting a woman on Facebook who convinced him to invest in her fake cryptocurrency business over three weeks, resulting in identity theft and ongoing fraudulent charges. The BBB reports that while overall susceptibility to scams decreased from 2023 to 2024, median dollar losses increased 30%, with people 65 and older experiencing the highest median losses at $160, and over
the420.in
· 2025-12-08
This curated cybercrime news roundup covers multiple fraud incidents globally. Domestic cases include Indian police recovering Rs 1.05 lakh from 10 cyber fraud victims, an engineer losing Rs 1.76 crore to fake investment schemes via WhatsApp, a teacher losing Rs 2.1 lakh in stock market fraud, and a senior citizen defrauded of Rs 47 lakh in online trading schemes. International incidents include the FCC warning seniors about AI-powered "grandparent scams" that cloned voices, Bybit cryptocurrency exchange losing $1.5 billion to hackers exploiting insecure freeware, and law enforcement shutting
hyannisnews.com
· 2025-12-08
This article reports on federal law enforcement arrests of undocumented immigrants with criminal records in Massachusetts during early 2025, including individuals charged with sexual assault, drug trafficking, and weapons offenses. The cases involved coordination between DEA, ICE, and local police, with one suspect remaining in ICE custody pending removal proceedings and another wanted for felony drug trafficking in Brazil. The article does not contain information related to elder fraud, scams, or elder abuse and is therefore outside the scope of the Elderus database.
sooleader.com
· 2025-12-08
Michigan Attorney General Dana Nessel issued a consumer alert during National Consumer Protection Week about "pig butchering" scams, which combine romance fraud with cryptocurrency investment schemes targeting seniors. The scam operates by criminals building trust with victims through fake online profiles on dating sites and social media, then gradually persuading them to invest in bogus cryptocurrency opportunities through fraudulent websites. Consumers are advised to avoid sending money to online contacts, refrain from sharing financial information with strangers, be skeptical of promises of quick returns, and contact AARP's ElderWatch program at 800-222-4444 for peer counseling if they suspect fraud.
click2houston.com
· 2025-12-08
A 2024 Better Business Bureau report identifies the top scams encountered last year, with cryptocurrency investment scams ranking as the riskiest, followed by employment scams and romance/friendship scams. Romance and friendship scams, which involve financial grooming over weeks or months to build trust before soliciting investments, reported the highest median loss at $6,099 per victim, while cryptocurrency investment scams affected over 80% of targets with median losses of $5,000.
dfpi.ca.gov
· 2025-12-08
California's Department of Financial Protection and Innovation (DFPI) shut down over 26 crypto scam websites in 2024 through its Crypto Scam Tracker and partnership with the state DOJ, uncovering $4.6 million in consumer losses across 2,668 complaints. The agency identified seven new scam types including bitcoin mining, crypto gaming, and crypto job scams, and increased its posted alerts to 303 while receiving over 400,000 unique visitors to the tracker. Authorities urge consumers to report suspected scams immediately, verify website domains, and avoid sending money to unknown contacts, as scammers employ increasingly sophisticated deception and emotional manipulation tactics.
clickorlando.com
· 2025-12-08
A Central Florida man lost $47,000 in a cryptocurrency investment scam that began with a fraudulent "accidental" text message. The scammer used "financial grooming" tactics—building rapport over weeks through personal conversations—before convincing him to invest in crypto, showing fake profits of $196,000 before claiming his account was frozen for "insider trading" and denying withdrawal requests. The U.S. Secret Service and FTC warn that such investment scams are prevalent, with Floridians losing $624 million to investment fraud in 2023, and advise ignoring unsolicited text messages from unknown contacts.
aarp.org
· 2025-12-08
A 73-year-old woman in the Pacific Northwest lost $300,000 to an elaborate computer help desk scam in which criminals impersonating tech workers, investment officers, and a U.S. marshal convinced her over weeks of lengthy phone calls that her investment account had been hacked and instructed her to liquidate funds and purchase gold to "protect" her money. The scam devastated her entire family, eliminating her retirement savings and funds earmarked for her children's down payments and grandchildren's education, and may force her to sell her home to cover resulting tax debt. The case illustrates how scam victims' family members become "secondary victims" experiencing emotional, financial, and care
ottumwaradio.com
· 2025-12-08
In 2024, scams cost Iowa consumers over $50 million across nearly 14,000 reported fraud cases, with a median loss of $400 per victim. Seniors aged 80 and older, though representing a small number of victims, suffered the largest average losses at approximately $2,000 each, with investment schemes ($20 million) and romance scams ($8 million) accounting for the costliest fraud categories. The most frequently reported scams involved business/government impersonation, online shopping fraud, and prize/sweepstakes schemes.
the-daily-record.com
· 2025-12-08
Older adults in the U.S. lost $538 million to investment scams in 2024. Star Strategies is hosting a Financial Elder Fraud Workshop on March 28 in Wooster featuring FBI Cleveland Division special agents who will discuss current fraud schemes, their evolution, financial impacts, and protective strategies for seniors.
nativenewsonline.net
· 2025-12-08
This is an opinion piece about political messaging rather than an elder fraud article. It critiques claims made by Trump and Elon Musk about Social Security fraud involving deceased beneficiaries, clarifying that while 18.9 million outdated records exist in the Social Security database, only about 101,000 Americans are actually aged 100 or older, and the Social Security Administration automatically ends payments for those 115 and older. The author argues these exaggerated claims are being used to justify cuts to Social Security and other programs that would disproportionately harm vulnerable populations including Native American elders.
pymnts.com
· 2025-12-08
In 2024, the FTC received 2.6 million fraud reports (stable compared to 2023), but the percentage of victims who lost money increased significantly from 27% to 38%, representing a 25% overall increase in reported losses. Investment scams led all categories with $5.7 billion in losses (up 24%), followed by imposter scams at $2.95 billion, with government imposter scams alone reaching $789 million; consumers increasingly paid scammers via bank transfers and cryptocurrency.
freep.com
· 2025-12-08
Americans lost a record $12.5 billion to scams in 2024, a 25% increase from 2023, with investment scams accounting for nearly half at $5.7 billion and bank transfers and cryptocurrency being the most commonly exploited payment methods. The Federal Trade Commission data shows 38% of consumers reported losing money to fraud in 2024, up from 27% in 2023, with the number of fraud reports remaining stable at 2.6 million. Michigan consumers alone reported $204 million in losses, with seniors ages 60+ losing $45.9 million, though younger consumers are also increasingly victimized.
aarp.org
· 2025-12-08
In 2024, older adults lost a record $12.5 billion to scams and fraud—a 25 percent increase from 2023—with adults in their 70s reporting median losses of $1,000 compared to $417 for those in their 20s. The most common scams were imposter schemes (particularly government impostors, which surged from $171 million to $789 million), followed by online shopping, job opportunity, and investment scams, with investment fraud being the most lucrative for criminals at $5.7 billion in reported losses. The FTC notes that fraud's impact on older adults is often catastrophic, affecting retirement security and forcing
luxtimes.lu
· 2025-12-08
This is an educational piece providing advice on protecting oneself from online scams. The expert outlines common scam types—including phishing emails, fake websites, investment schemes, romance scams, tech support scams, lottery scams, and job scams—and recommends protective practices such as being cautious with personal information, verifying requests directly with service providers, using strong passwords, and remaining skeptical of unexpected messages. The key message is that staying informed and vigilant about evolving fraud tactics significantly reduces the risk of falling victim to online fraud.
securityweek.com
· 2025-12-08
In 2024, consumers filed 2.6 million fraud reports totaling over $12.5 billion in losses—a $2 billion increase from 2023—with investment scams ($5.7 billion) and imposter scams like romance and government fraud ($2.95 billion) being the largest loss categories, according to FTC data. The majority of scammers contacted victims via email, followed by phone calls and text messages, while bank transfers and cryptocurrency were the most common payment methods used in fraudulent transactions. The FTC is actively pursuing enforcement actions and refunding victims, including sending over 736,000 PayPal payments to consumers scammed by computer repair service companies.
nativenewsonline.net
· 2025-12-08
**Not Eligible for Elderus Database**
This is an opinion piece about political messaging and policy proposals, not a report of actual elder fraud, scams, or abuse. While it discusses Social Security and mentions vulnerable elders, it does not document a specific scam incident, fraud scheme, or elder abuse case. It would not fit the Elderus database criteria, which focuses on documented fraud events and scams affecting seniors.
yahoo.com
· 2025-12-08
Star Strategies is hosting a Financial Elder Fraud Workshop on March 28 in Wooster, Ohio, featuring FBI Cleveland Division special agents who will discuss current fraud schemes targeting older adults. The workshop will educate participants on how financial scams have evolved and provide practical strategies for protection, in response to older adults losing $538 million to investment scams in 2024.
cyberdaily.au
· 2025-12-08
Australia's reported scam losses dropped 25.9% to $2 billion in 2024, with investment scams accounting for $945 million of losses, followed by romance, payment redirection, remote access, and phishing scams. However, experts warn the reported figures likely underrepresent the true impact, as many victims fail to report scams due to shame and embarrassment, with romance baiting scams being particularly devastating when combined with fake cryptocurrency platforms.
azfamily.com
· 2025-12-08
A man in his 90s fell victim to a romance scam that began on WhatsApp, with scammers posing as a romantic interest and subsequently soliciting money for purported investment opportunities. According to the Federal Trade Commission, fraud losses totaled $12.5 billion in 2024, with "pig butchering" investment scams accounting for $5.7 billion of that total. The article provides guidance on how family members can help victims by approaching with empathy rather than criticism, validating their feelings, and using trusted sources to demonstrate the scam patterns.
wdsu.com
· 2025-12-08
The Federal Trade Commission reported 2.6 million fraud cases in 2024, resulting in a record $12.5 billion in losses—a 25% increase from 2023, with more than one-third of reporters losing money (median loss of $497). Investment fraud led in per-victim losses at $9,196 median, followed by job scams ($2,250) and debt relief fraud ($1,500), while older adults reported losing significantly more money than younger age groups despite filing fewer reports. The FTC recommends protecting against fraud by remaining cautious of unsolicited contact, avoiding untraceable payment methods like wire transfers and gift cards, and reporting suspected scams to
finance.yahoo.com
· 2025-12-08
A Portland senior nearly fell victim to a $170,000 gold bar scam in which fraudsters impersonated law enforcement and claimed his Social Security number was compromised, pressuring him to purchase gold bars to "protect" his assets; he avoided the full loss but still lost $4,000 in price differences. A similar scam in Clark County resulted in a victim losing $500,000. The scam typically involves criminals posing as authorities claiming identity theft, then directing victims to quickly purchase precious metals as a supposed protective measure.
wcnc.com
· 2025-12-08
Financial grooming scams, where fraudsters build trust with victims over time before exploiting them financially, are on the rise according to the Better Business Bureau's 2024 report. These scams affect people of all ages and include cryptocurrency schemes, romance scams, and employment fraud, with investment and cryptocurrency scams being particularly risky—over 80% of targeted individuals reported financial losses. The BBB recommends protecting yourself by being cautious of unsolicited contact from strangers, avoiding sharing personal information on social media, using credit cards for online purchases, and ignoring suspicious links and messages.
justice.gov
· 2025-12-08
Catalina Corona, a personal assistant employed by an elderly married couple, was arraigned in Brooklyn federal court on charges of wire fraud, bank fraud, and aggravated identity theft after forging her employers' signatures to steal approximately $10 million between 2017 and 2024. Corona deposited hundreds of checks to herself from the victims' accounts without consent and posed as one of the victims when contacting their bank, ultimately spending the stolen funds on luxury goods and credit card payments. If convicted, Corona faces up to 30 years in prison, with a mandatory minimum of two years for the aggravated identity theft charge.
mastercard.com
· 2025-12-08
U.S. consumers lost over $12.5 billion to fraud in 2024, a 25% increase from 2023, with investor scams causing the most financial damage ($5.7 million) while imposter scams remain most frequently reported, according to the FTC. Cybercriminals increasingly exploit human emotions through social engineering tactics via email, phone, and text, using sophisticated tools like deepfakes and generative AI to create convincing false identities and communications. The article emphasizes that even trained employees can be deceived, citing a $25.6 million loss by a Hong Kong financial firm whose employee was tricked by a computer-generated deepfake video conference
sacda.org
· 2025-12-08
This is an informational resource from the Insurance Fraud Unit describing three main types of insurance fraud: workers' compensation fraud (fabricating injuries, exaggerating disabilities, employer misstatements), automobile insurance fraud (staged accidents, claim padding, theft rings), and organized automobile fraud. Auto insurance fraud alone costs consumers $15-20 billion annually, with an estimated one-third of all bodily injury claims containing some element of fraud; those suspecting fraud can report it to the unit via phone, fax, email, or online complaint form.
ca.style.yahoo.com
· 2025-12-08
Canadians lost $638 million to scams in 2024, with impersonation and investment fraud being the costliest types, as fraudsters increasingly use sophisticated technology including AI to create convincing deepfakes and pose as legitimate organizations or celebrities. The Canadian Anti-Fraud Centre reports that while fewer cases were processed in 2024 compared to 2023, authorities estimate 90-95% of fraud cases go unreported, and recommend Canadians verify unexpected calls or messages and be aware of red flags such as requests for personal information or unsolicited payment demands. Key prevention strategies include trusting instincts, questioning suspicious communications, and educating seniors about evolving scam tactics.
41nbc.com
· 2025-12-08
In 2024, scams extracted a record $12.5 billion from consumers—a 25% increase from 2023—despite the number of scam reports remaining relatively flat, according to the Better Business Bureau citing FTC data. The BBB highlighted two prevalent scams: cryptocurrency investment scams involving unknown coins and promises of guaranteed returns, and imposter scams where fraudsters pose as government agencies demanding immediate payment via gift cards or crypto while threatening arrest. Consumers should verify agency contact information independently, watch for ".gov" or ".mil" email addresses, and be wary of urgent demands, threats, and requests for unusual payment methods or wallet access.
americanbar.org
· 2025-12-08
A retired teacher named Daniel was targeted by a scammer named Jim on an online investment forum who posed as a successful investor and offered mentorship on cryptocurrency investments, eventually convincing Daniel to invest substantial retirement savings in a fraudulent scheme promising guaranteed high returns before disappearing with all the funds. Research shows that older adults experiencing social isolation are more susceptible to such fraud due to alterations in cognitive decision-making and risk evaluation, and seniors lost over $240 million to imposter scams alone in 2022.
discoverairdrie.com
· 2025-12-08
Investment fraud is rising among younger Canadians for the first time, with scammers using social media to target victims with promises of quick returns on little risk. Canadians reported $310 million in investment fraud losses in 2024, though authorities believe the actual figure is much higher due to underreporting, with common tactics including spear phishing and romance scams. Experts attribute the surge to increasing sophistication of fraud schemes and victims' reluctance to report due to embarrassment, urging those affected to contact provincial securities regulators, local police, or the Canadian Anti-Fraud Centre.
nbcboston.com
· 2025-12-08
Daniele Gonsalves lost over $2,500 after meeting "David" on a dating app who posed as a wealthy cryptocurrency investor and convinced her to transfer money to a fraudulent trading platform. This scam tactic, known as "pig butchering," involves scammers building romantic trust with victims before encouraging them to invest in fake cryptocurrency schemes that ultimately disappear. Cybersecurity experts advise verifying the identity of anyone offering investment advice, never investing based on online-only relationships, and reporting suspected fraud to the FBI's Internet Crime Complaint Center.
dfpi.ca.gov
· 2025-12-08
Romance scams, also known as relationship or confidence scams, are among the top five online scams in the U.S., resulting in over $650 million in losses in 2023. Scammers use fake profiles and emotional manipulation through dating apps, social media, and email to build trust before requesting money, personal information, or investments, with common tactics including impersonation ("catfishing"), long-term trust-building schemes, and platonic friendship scams. To protect yourself, avoid sharing personal information with unknown contacts, research and verify all information before making financial decisions, take time before acting on requests, and report suspected scams to authorities.
straitstimes.com
· 2025-12-08
Muhammad Nur Shukry Zaini, 23, was sentenced to four years and two months' jail in Singapore for defrauding multiple victims of over $400,000 through an investment scam promising 10% monthly returns on forex trading that he could not deliver, plus deceiving others into providing mobile phones worth approximately $40,000. One victim lost $190,000, and most victims have not received restitution; Nur was arrested in January 2022 and subsequently charged with multiple counts of cheating, drug consumption, and traffic violations.
kwch.com
· 2025-12-08
A 72-year-old Wichita woman lost her entire life savings of $36,000 in a sophisticated cryptocurrency scam when a caller impersonating a Coinbase representative convinced her that her account had been compromised. The scammer used fear-based tactics to pressure her into transferring her funds to a fraudulent wallet controlled by the criminals, from which the money cannot be recovered. The article advises verifying any account security claims by independently calling official customer service numbers rather than responding to unsolicited calls or clicking provided links.
rcmp.ca
· 2025-12-08
Canadian fraud and cybercrime losses exceeded $638 million in 2024, a significant increase from $578 million in 2023, with investment scams accounting for $311 million of losses, according to the Canadian Anti-fraud Centre. Beyond financial damage, victims report severe emotional and psychological harm including feelings of betrayal, shame, anxiety, and depression, which can be compounded by victim-blaming from others. Experts emphasize that fraud's impact extends across all demographics and fraud types, and that supportive responses from those victims confide in are critical to their healing.
dl-online.com
· 2025-12-08
According to the 2024 BBB Scam Tracker Risk Report, investment and cryptocurrency scams remain the most prevalent fraud type, with romance and friendship scams climbing to third place. Both often employ "financial grooming" tactics where scammers build trust over weeks or months before encouraging victims to invest in fraudulent platforms, resulting in a median loss of $5,000-$6,099 per victim. People ages 65 and older reported the highest median losses ($160), and overall reported median losses increased 30% from 2023 to 2024, with emotional impacts including anger, loss of trust, and anxiety affecting nearly 30% of victims.
cnbc.com
· 2025-12-08
In 2024, consumers lost $5.7 billion to investment scams—the highest amount for any fraud type and a 24% increase from 2023—with the typical victim losing over $9,000, according to FTC data. Common schemes include "pig-butchering" scams where fraudsters build trust through relationships before pitching high-return investments in cryptocurrency, often using AI-generated deepfakes and operating from organized crime centers in Southeast Asia. Consumers can reduce their risk by being skeptical of pitches with urgency, unusual payment methods (especially cryptocurrency), and attempts to isolate them from telling others.
timesofindia.indiatimes.com
· 2025-12-08
Four Mumbai residents—a lawyer, student, share broker, and housewife—collectively lost Rs 1.3 crore to cyber criminals through various scams between 2024-2025. The scams involved fake trading apps (Rs 27.09 lakh and Rs 28.68 lakh losses), a fraudulent investment job scheme (Rs 21.19 lakh), and a prepaid task scam (Rs 45.37 lakh), all utilizing WhatsApp groups, Telegram, and fabricated platforms showing false profits to build trust before disappearing with funds. The Cyber Crime Unit has registered four FIRs and warned citizens to avoid unsolic
timesofindia.indiatimes.com
· 2025-12-08
A 67-year-old lawyer from Mumbai lost Rs 35.6 lakh in a share market investment scam between October 2024 and January 2025. The scammer, posing as "Manish Gupta," lured the victim through a Telegram group that provided fake investment tips, convincing him to make 19 investments before refusing withdrawal requests and demanding 30% of alleged earnings. The lawyer filed a complaint with cyber police in March 2025 after verifying the investment website was fraudulent.
echopress.com
· 2025-12-08
According to the 2024 BBB Scam Tracker Risk Report, investment and cryptocurrency scams remain the riskiest scam type, with romance and friendship scams rising to number three for the first time. These scams employ "financial grooming"—where perpetrators build trust over weeks or months before encouraging victims to invest, often in fake platforms—resulting in romance/friendship scams having the highest median loss of $6,099 and investment scams at $5,000, with people ages 65 and older reporting the highest median dollar loss. The report found that overall median losses rose 30% from 2023 to 2024, with victims experiencing significant
cbc.ca
· 2025-12-08
Losses from scams in Canada reached $638 million in 2024, with New Brunswickers reporting $6 million in investment scam losses alone—a fivefold increase from 2023. Scammers are using artificial intelligence and sophisticated tactics, including fake news articles impersonating trusted media outlets and politicians, to deceive victims; recent examples include a fraudulent cryptocurrency scheme using Premier Susan Holt's image and AI-generated retail scams designed to exploit emotional responses. Industry experts warn that these evolving tactics make scams increasingly difficult to detect, requiring heightened digital literacy and skepticism when encountering content with recognizable names, logos, or timely headlines.
mychesco.com
· 2025-12-08
The FTC reported $12.5 billion in consumer fraud losses in 2024, a 25% increase from 2023, with investment scams ($5.7 billion) and imposter scams ($2.95 billion) leading the categories. The percentage of fraud reporters who lost money jumped from 27% to 38%, indicating scammers are employing increasingly sophisticated tactics, particularly through bank transfers and cryptocurrency payments that are difficult to reverse. Job and employment scams saw explosive growth, tripling in reports and skyrocketing from $90 million to $501 million in losses between 2020 and 2024.
fandomwire.com
· 2025-12-08
Stan Lee, the legendary comic book author, allegedly experienced elder abuse during his final years, with business partner Keya Morgan accused of exploiting Lee's deteriorating mental state by pocketing approximately $222,000 through forced autograph-signing sessions. Morgan was charged with theft, embezzlement, forgery, and false imprisonment of an elder adult, but a judge dropped the charges in 2022 after a jury vote split 11:1 in favor of acquittal. A new documentary is being crowdfunded to expose the exploitation Lee allegedly suffered, with filmmaker Jon Bolerjack claiming Lee gave him permission to unveil the truth.
livebitcoinnews.com
· 2025-12-08
Cryptocurrency scams targeting seniors in Malaysia have resulted in millions of ringgit in losses, with fraudsters impersonating government officials via fake phone calls to convince victims to transfer crypto funds and investments. A 74-year-old investor lost millions after falling victim to these schemes, which promise excessive profits but result in complete loss of deposited funds. Malaysian authorities warn that seniors aged 60 and above should exercise extreme caution with digital asset investments, as scammers increasingly use sophisticated phone tactics and impersonation to target older investors and professional workers.
channelnewsasia.com
· 2025-12-08
Standard Chartered Bank launched an updated MyWay savings account for seniors aged 55 and above, featuring complimentary digital scam insurance for the first year that covers up to S$50,000 in losses from phishing and malware attacks, along with higher tiered interest rates on account balances. The insurance, underwritten by MSIG, excludes authorized payment scams such as love scams and investment scams where customers willingly transfer funds, and requires customers to maintain device security and report incidents to the bank within 7 days to be eligible for claims.