A Multidisciplinary Review on AI for Fraud Prevention in Elder Care: Bridging Technological, Ethical, and Psychological Gaps

This paper reviews the role of Artificial Intelligence (AI) in protecting the elderly against fraud and proposes interdisciplinary research needed to address the resulting technological and human issues.. A type of fraud prevention that involves the use of AI, i.e., when anomaly detection and biometric validation is present, is also functioning, although little is known about its psychological impact on the elderly. The three problems that demonstrated why computer science and psychology should be combined are the enhanced state of anxiety, dependence, and a lack of confidence, which make it essential to understand the role AI has on the psychological stability of elderly people and their confidence. In addition, the paper also identifies morality and law-related aspects of the privacy, informed consent, and the expectations of the long-term effects of AI-based surveillance. As a high percentage of people of the older generation demonstrate deficiencies in digital literacy, the paper suggests turning to policy-level measures that are used facilitate the ethical utilization of AI, not to mention privacy issues. The research with the help of such disciplines as geriatrics, sociology, and digital ethics should be conducted in order to create effective and global AI applications. The application of AI into the medical system, the social welfare system and the financial system that enables complete security is also a subject of the paper. In conclusion, the paper makes the recommendation that the developers, caregivers, policymakers, and communities must convene with an objective of regaining trust with AI, and in doing so, this would allow the elderly to operate within the new online space with no interface with security concerns.