ScamWatch

Seniors are always a prime target for the unscrupulous, a tragic reality that ScamWatch figures help show is often compounded when markets are under siege.

Banks, social media companies and telcos will be on the front line of a new security framework aimed at making life safer online. Those that fail to protect consumers can expect to pay hefty fines.

The bad news is that seniors remain a primary target of aggressive digital criminals. The good news is that the combined efforts of government, law enforcement and the private sector, plus more aware consumers, are finally paying dividends as the number of financial casualties fall.