Older Americans are losing money to imposter scams at an alarming rate, with losses and case numbers surging to record highs, according to new data from the Federal Trade Commission (FTC). FTC data ...
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FTC scammers are stealing thousands—don't fall for this trick
It can be terrifying to learn your data or finances are at risk. Naturally, if a Federal Trade Commission (FTC) agent offers ...
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FTC Reports Sharp Rise in Senior Impersonation Scams
WASHINGTON — New Federal Trade Commission data reveals a more than four-fold increase since 2020 in reports from adults 60 and older who lost $10,000 or more to impersonation scams, with combined ...
Americans aged 60 and older lost a staggering $700 million to online scams in 2024, marking a sharp rise in fraud targeting seniors, according to the Federal Trade Commission. This figure, presented ...
Fraud losses reported by people 60 and older climbed to nearly $2.4 billion in 2024, quadrupling since 2020 Investment scams—often tied to social media pitches—drove the biggest losses, while phone ...
Adults aged 60 and older were more likely to report extraordinarily high losses. An 18-year-old consumer in Michigan lost $4,800 this summer to a 'transfer it to protect it' scam after receiving an ...
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