US EditionFTC Warns of Dramatic Increase in Reported Scams
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FTC Warns of Dramatic Increase in Reported Scams
A Federal Trade Commission analysis shows adults over age 60 reporting $100,000 or more in losses to scammers impersonating government agencies or businesses increased more than 700% over five years. Combined reported losses of individuals 60 and over went from $55 million in 2020 to $445 million in 2024, the agency said. The FTC added the number of older adults reporting losses of $10,000 or more increased four-fold during the same time period.…
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