Federal Trade Commission: Up to 80 percent of scam victims are over 65. Despite long experience with the ways of the world, older people are especially vulnerable to fraud.
Crooks find older people more susceptive from fraud. Their age acts as if a built-in detector for the scammers. The reason may lie in the brain region called the anterior insula. The anterior insula is less active in older people as a result making them less cautious than younger people.