According to an article published by abc News, in 2020, senior citizens lost nearly $1 billion to scams, with over 105,000 victims aged 65 and older and an average loss of $9,175. The most common schemes included tech support fraud, romance scams, and sweepstakes cons, with extortion being the top tactic. Romance scams alone accounted for $281 million in losses, often involving fake online identities and emotional manipulation. California, Florida, and Texas saw the highest number of cases.