Sadly, evidence shows that seniors tend not to report when they have been the victim of a scam, more so than any other segment of society. Most of the senior reporting we see is from seniors who have lost less than others or who have seen a scam as opposed to having fallen victim to one. That, in and of itself, is a problem.
What can the system do? The system has to focus on prevention. No matter what we do, it will never be fast enough. It will never be good enough. AI and frontier AI are making it too hard for anyone to catch, not just seniors. If we're not focusing on prevention, we are simply continuing to play whack-a-mole.
