During 2020, about 13.3% of complaints (105,301 complaints) of internet financial fraud received by the U.S. Federal Bureau of Investigations (FBI) were submitted by individuals age 60 and older, an increase of approximately 55% from 2019 totals. This equated to approximately $966 million in total losses for this age group, or 23% of overall U.S. financial losses due to internet fraud. The most prevalent forms of internet financial fraud for this age group were: Extortion: 23,100 cases Non-payment for purchased goods or non-delivery of goods ordered: 14,534 cases . . .
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