Most of the time, families assume that their biggest fear is their concern over aging parents falling or having a medical emergency. However, more and more families are finding themselves biting their nails over scams. Over 101,000 older adults (age 60 and older) report being scammed each year, with reported national losses soaring to nearly $5 billion.
Fake government agents, grandchild emergencies, romance fraud, and AI voice cloning are continuing to surge. Now, a growing number of integrated smart systems are trying to fight back by automatically detecting scam tactics, alerting family members, and even contacting emergency responders when something dangerous happens. And it could be our best bet at combatting elder fraud.
