Scams targeting older Americans, most using AI, caused over $1 billion in losses in 2022
Fox News
According to the annual Senate Committee on Aging report released this month, older Americans reportedly lost $1.1 billion to fraud in 2022, largely due to sophisticated AI-generated scams.
Sen. Elizabeth Warren, D-Mass, also a member of the committee, said the $1.1 billion figure in total losses is "almost surely an underestimate," since it does not factor in the instances of victims who don't report scams due to embarrassment. Jamie Joseph is a writer who covers politics. She leads Fox News Digital coverage of the Senate.
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