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Cyber Fraud Economics, Scam Types, and Potential Measures to Protect U.S. Seniors: A Short Review

Cyber fraud has become increasingly common as it can be easily carried out with relative ease through multiple mediums. Particularly, the elderly population aged 60 and above seniors, are more vulnerable to such fraud/scams as they generally lack the know-how for such fraudulent activities. This paper briefly addresses the various types of fraud/scams, apparent early warning signs, and potential preventive tips before falling victim of cyber fraud. Additionally, sophisticated scam methods are also highlighted, and resources available to report/inform the general public is documented.