Researchers from Florida State University’s College of Criminology and Criminal Justice have published an article in ‘Scientific American’ on the rapidly increasing rates of financial fraud targeting older adults.
CCCJ Dean Thomas Blomberg and Assistant Professor Julie Brancale authored the article ‘Why Scammers Target Seniors—and What You Can Do About It,’ which appears in the magazine’s October issue. They are also co-directors of the Aging Adult Fraud Research & Policy Institute, which is housed in the college’s Center for Criminology and Public Policy Research.
In the article, Blomberg and Brancale describe the kinds of scams that older adults are increasingly falling victim to, including those aided by artificial intelligence (AI). AI has created new ways for scammers to trick older adults through altered voices, videos, photos, and documents.
They also examine the social, psychological, and technological factors that make older adults particularly vulnerable to financial fraud—many of which stem from the challenges associated with aging. These often include declines to physical and cognitive health, changes in life circumstances (such as divorce or the death of a spouse), and difficulty keeping up to date with the rapid changes to technology.
Conversely, Blomberg and Brancale also point to the many people who, despite being targeted, avoided being victimized. The researchers found that protection from scams comes from frequent education about commonly occurring scams and strategies for prevention.
Blomberg and Brancale said publishing the translation of their research into practical steps in a broadly circulated and respected magazine can potentially help many older adults avoid becoming victims of financial fraud. Founded in 1845, ‘Scientific American,’ has a circulation of over 10 million, is recognized globally for its rigorous, accessible coverage of scientific and social issues.
The researchers conclude: As a college we are committed to translating our state-of-the-art research into policies and practices that help in the real world. The article is evidence of that mission— Research Brought to Life.
For more information, visit the Center for Criminology and Public Policy Research.