14. How a Phishing Scam Exploited Retirees in London
In London, a group of retirees, including 72-year-old Elizabeth Morgan, fall victim to a sophisticated phishing scam disguised as an investment opportunity. The scam, promoted through a seemingly reputable financial blog, exploits the victims' gullibility.
Individual outcomes
Individuals like Elizabeth suffer significant financial losses, leading to a decline in living standards and security in their retirement years.
Societal outcomes
Societally, such scams erode trust in digital financial platforms and can lead to broader economic instability.
Competences involved in this scenario:
Social systems affected by this scenario:
D1. Content amplification
D2. Echo chambers and info bubbles
M6. Claim verification
Financial Institutions
Consumer Protection Agencies
Media