Work

Examining the Rising Trend of Elderly Financial Scams in Online News: A Content Analysis of Media Reporting in Malaysia

Year: 2025

Type: article

Abstract: The increasing prevalence of elder financial scams, particularly those perpetrated through online platforms, has become a significant concern for both the elderly population and society as a whole. This study examines the nature and scope of elder financial scams as reported in online newspapers, emphasising their financial consequences for victims. Using content analysis to explore the cases reported in online media from 2020 to 2024, this research aims to shed light on the patterns of fraud targeting older adults, the media's role in raising awareness, and the broader implications for social policy. Findings revealed 119 reports of financial scam cases across 36 online media outlets involving the elderly in Malaysia. Most financial scams involve phishing, followed by investment and love scams. Furthermore, financial repercussions for elderly victims are severe, sparking an urgent need for enhanced public awareness and regulatory frameworks to protect vulnerable individuals.

Source: Information Management and Business Review

DOI: 10.22610/imbr.v17i2(i)s.4605

Authors: Nor Aishah Mohd Ali, Rozaiha Ab Majid, Siti Aisyah Basri, Norhanizah Johari, Mohd Waliuddin Mohd Razali, Bayu Tri Cahya

Institutions: Universiti Teknologi MARA, Selangor Islamic University, Universiti Malaysia Sarawak, IAIN Kudus

Language: English

Topic: Elder Abuse and Neglect

Subfield: Demography

Field: Social Sciences

Domain: Social Sciences

Open Access status: diamond

Funder: Universiti Teknologi MARA

Award: G8135400275