AI is accelerating elder fraud. Their kids are reckoning with the fallout

AI-driven scams are increasingly targeting elderly individuals by exploiting personal information like obituaries, leading to significant financial losses. Adult children are stepping in to monitor and protect their parents' finances, adding to their caregiving burdens. The FBI reported over 200,000 cybercrime complaints from seniors in 2025, totaling nearly $8 billion in losses, highlighting the growing impact of elder fraud facilitated by AI.