Older Americans Are Losing Billions to Scammers, and the Numbers Are Getting Worse
4 Articles
4 Articles
Older Americans Are Losing Billions to Scammers, and the Numbers Are Getting Worse
Modern tech like AI has made it easy, nearly effortless, to scam people. Some of the most vulnerable Americans who are 60 and older become easy prey for scammers using a range of techniques, including romance scams and celebrity scams, wherein a con artist digitally masks themselves as someone else entirely to trick someone into […]
Allegations of investment fraud exceeded $1 billion, while people aged 80 and over reported a median loss of $2,000. The FTC warns of deception through social networks and identity supplantation.
Gizmodo: New Data Show How Much Worse Scams Are Getting for Americans Over 60
Gizmodo: New Data Show How Much Worse Scams Are Getting for Americans Over 60. “The report, which is mandated by Congress under the Elder Abuse Prevention and Prosecution Act of 2017, found that the amount of money seniors reported to the FTC as being lost to fraud jumped from $600 million in 2020 to $3 billion in 2025. But the real number is likely several times that, since most fraud goes unreported.”
Older Americans lost $3 billion to fraud in 2025, FTC tells Congress | #datingscams #romancescams - National Cyber Security Consulting
The Federal Trade Commission today sent Congress its ninth annual report on protecting older consumers, and the numbers in it have moved sharply in one direction. People aged 60 and over reported losing more than $3 billion to fraud in 2025, up from about $2.4 billion in 2024 and about $600 million in 2020, according […] Thank you for subscribing to our RSS feed!
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