Protect Seniors Against Identity Theft and Fraud Act of 2012 - Amends the federal criminal code to authorize an additional term of imprisonment of not more than 10 years for perpetrators of the following offenses, if they result in harm to a person who is 65 years old or older: (1) fraud and related activity in connection with access devices, computers, electronic mail, or identification documents, authentication features, and information; (2) frauds and swindles; (3) mail fraud-related activity involving the use of a fictitious name or address; (4) fraud by wire, radio, or television; (5) bank fraud; and (6) health care fraud.
Amends the Electronic Fund Transfer Act to limit the liability of a consumer who is 65 years old or older for losses that the financial institution establishes would not have occurred but for the consumer's failure to report any loss or theft of a card or other means of access, to: (1) $50 if the consumer notifies the institution within 7 business days, or (2) no more than $250 if the consumer notifies the institution within 8 to 60 days.