The other 88% says they have never reported the fraud activity most likely because they didn’t know who to report to or they were shy.
The type of prey fraudsters like are those who are elderly. The old and wise are 30% more likely to have fallen for a scam within the past 5 years and lost money than most people ranging from ages 25-40s.
Statistics show that while women are the main targets for schemes, men were targeted more so than women were depending on level of education and level of income.
Of course, we all know what the oldest trick in the book is. That’s right, the lottery trick. At some point, you or someone you know has gotten a random call saying that they are the winner of a random drawing or have won the lottery. It’s a trick that has been used for years.