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Search across 19,276 articles about elder fraud. Filter by fraud type, payment mechanism, or keywords.

7,397 results in Robocall / Phone Scam
fingerlakes1.com · 2025-12-08
Senator Kirsten Gillibrand warned that proposed cuts to the Consumer Financial Protection Bureau (CFPB)—including elimination of nearly 90% of staff and the Office of Financial Protection for Older Americans—will leave seniors vulnerable to fraud and scams. In 2023 alone, over 4,300 older New Yorkers lost more than $200 million to scams, and the CFPB has historically returned over $21 billion to victims while providing critical financial education and fraud prevention resources. Gillibrand called for full restoration of CFPB staffing to maintain protections against elder fraud and financial exploitation.
aol.com · 2025-12-08
Scams and fraud are surging at alarming rates, affecting millions of Americans and causing significant financial and emotional harm. The U.S. Government Accountability Office has called for a national strategy to combat fraud, including standardized definitions and measurements, with proposed legislation like the GUARD Act aimed at requiring federal agencies to report on the scope of scams to Congress. Industry leaders and policymakers argue that comprehensive federal data collection and cross-sector collaboration between government, financial institutions, technology companies, and law enforcement are essential to developing targeted fraud prevention strategies and protecting vulnerable consumers.
pcmag.com · 2025-12-08
**Article Type:** Educational/Awareness piece on elder fraud prevention Kerry Tomlinson, a cybersecurity expert and former TV reporter, presented research at RSAC 2025 on why older adults (60+) are vulnerable to online scams and fraud. Older adults lost an average of $83,000 per scam in the past year, primarily through social engineering attacks that exploit stress, fear, and urgency by impersonating authority figures. Tomlinson emphasizes that retirement, cognitive changes, physical limitations (vision and hearing loss), and loss of self-efficacy contribute to vulnerability, and recommends approaching elder protection with empathy rather than frustration or removing
rmpbs.org · 2025-12-08
An 86-year-old Colorado resident named Beverly Russman has been repeatedly targeted by multiple scams over several years, including fake urgent payment demands, ATM withdrawal schemes, and the "Grandparent Scam," which nearly cost her thousands of dollars before bank tellers and family intervention stopped her. According to the FBI's 2023 Elder Fraud Report, Colorado ranks seventh nationwide in senior fraud complaints, with scammers stealing over $54 million from seniors that year, with perpetrators often using personal information gleaned from social media and obituaries to target victims. Experts note that seniors are prime fraud targets due to their financial assets, and victims can report fraud to the FTC but
fox6now.com · 2025-12-08
Finance professor Dan Roccato provides guidance on blocking spammers and job scams, noting that consumers lost $60 million in job offer scams last year. The segment covers how to identify and block spam texts, particularly those offering employment opportunities.
cbs8.com · 2025-12-08
Fraudsters are targeting consumers with a sophisticated "brushing scam" that delivers unsolicited packages containing QR codes designed to steal personal information through "quishing" (QR code phishing). The scam manipulates online marketplace ratings by shipping products to real addresses and writing fake positive reviews, but now includes malicious QR codes that download malware or direct victims to fraudulent websites to harvest identity and financial data. The U.S. Postal Inspection Service recommends reporting suspicious packages to [email protected] and warns consumers to treat QR codes with the same caution as suspicious email links.
cleveland.com · 2025-12-08
The FBI warns of a rapidly spreading scam involving fake discount medical insurance plans that have cost victims millions of dollars. Fraudsters posing as insurance representatives use unsolicited contact and false urgency to convince people to pay for non-existent coverage, often promising full medical/dental benefits, preferred doctor access, and bonus benefits like grocery or gas aid. Documented cases include a Pennsylvania couple who received emergency room bills they thought were covered and a Texas senior who had to cancel his credit card to stop unauthorized charges after enrolling in a fraudulent dental plan.
news.yahoo.com · 2025-12-08
The Los Angeles Police Department warned of a growing virtual kidnapping scam targeting Hispanic communities, where scammers claim to hold a loved one captive and demand money for their release, though no actual kidnapping has occurred. The scams typically begin with phone calls or text messages in Spanish, with perpetrators threatening victims and warning them not to contact police, and in some cases simultaneously contacting multiple family members to amplify the deception. Police recommend avoiding calls from unknown numbers (especially those with Mexican prefixes), ignoring suspicious texts on messaging apps, and contacting local law enforcement immediately if targeted by such a call.
lifehacker.com · 2025-12-08
The Federal Trade Commission and FBI warn consumers about discounted services scams where fraudsters posing as utility companies or health insurance providers use high-pressure tactics and promises of steep discounts to trick victims into paying upfront via gift cards or signing up for fake plans they cannot cancel or use. To protect yourself, avoid rushed decisions, independently verify company legitimacy through direct contact, never pay upfront, and research insurance providers through your state insurance commissioner and Better Business Bureau before committing to any plan.
Phishing Robocall / Phone Scam Gift Cards Check/Cashier's Check
wmur.com · 2025-12-08
Scammers are using AI voice-cloning technology to create convincing deepfake calls impersonating family members and demanding money, with minimal legal restrictions currently preventing unauthorized voice cloning. Consumer Reports found that four of six tested voice-cloning apps lacked meaningful consent safeguards, making the scam increasingly difficult for victims to detect. Protection measures include enabling two-factor authentication on financial accounts, verifying unexpected calls through alternative contact methods, and remaining skeptical of unsolicited requests for personal or financial information.
hindustantimes.com · 2025-12-08
The FBI has issued a nationwide warning about fake discount medical insurance scams that have defrauded victims across the country out of millions of dollars. These scams target vulnerable individuals seeking affordable healthcare through unsolicited contact (calls, texts, emails) promising low premiums and comprehensive coverage, but deliver no actual insurance, leaving victims responsible for medical bills and unable to cancel charges. The FBI urges victims to report suspected fraud to the Internet Crime Complaint Center.
wgal.com · 2025-12-08
Scammers are increasingly using AI-generated "wrong number" text messages with innocuous content to trick recipients into engaging and confirming active phone numbers for future fraud schemes. In 2024, consumers lost $470 million to text-based scams, according to the FTC, which notes a 98% text message open rate. Consumers should avoid replying to unexpected texts, clicking links, or assuming unverified messages from companies are legitimate—instead contacting organizations directly using known contact information.
saltwire.com · 2025-12-08
Luiggi Giovanni Yataco, 35, was sentenced for his role in the "Grandparent Scam," defrauding seniors in St. John's and Gander of nearly $27,900 in October 2023 by posing as a lawyer and claiming grandchildren needed bail money for car accidents. Yataco pleaded guilty to four counts of fraud and one count of wearing a disguise, claiming he was merely a "money mule" collecting cash envelopes, though he was arrested when police caught him attempting to pick up money from one of the victims. The scam is part of a broader pattern affecting Canadian seniors, with over $23
finance.yahoo.com · 2025-12-08
Pump-and-dump stock scams, which have existed for centuries, involve fraudsters accumulating low-priced "penny stocks," artificially inflating their value through promotional campaigns (increasingly via encrypted social media platforms), and then selling their shares at peak prices, leaving other investors unable to sell as the price crashes. These schemes exploit investors' fear of missing out (FOMO) by creating artificial urgency and buzz around stocks with little public information available. Protection strategies include avoiding investment advice from strangers, being cautious of social media investment ads, and conducting thorough research before investing in low-priced securities.
ca.cair.com · 2025-12-08
CAIR-CA reported scams where callers impersonated ICE agents and threatened U.S. citizens and international students with deportation or fines unless they filed AR-11 forms (which only immigrants need to submit). The calls used spoofed ICE hotline numbers and appeared to target students, people with Arab or Muslim names, and Gaza advocacy supporters. Victims are advised not to engage with suspicious calls, never share personal information with callers claiming to be government agents, and contact immigration attorneys or report incidents to CAIR-CA.
nbcwashington.com · 2025-12-08
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bucyrustelegraphforum.com · 2025-12-08
The FBI warns of an escalating "smishing" scam targeting E-ZPass users and other toll service customers with fraudulent text messages claiming unpaid tolls of $3.95-$12.55, designed to trick recipients into clicking malicious links and surrendering personal and financial information. Similar scams are circulating about undelivered packages, unpaid taxes, and overdue bills, with scammers increasingly using AI and spoofing techniques across multiple states. The FBI advises recipients to delete suspicious texts immediately without clicking links, verify account status through official channels, and report incidents to the Internet Crime Complaint Center (IC3).
unionleader.com · 2025-12-08
Elder fraud has become a significant threat to adults age 60 and older in the digital age, with the U.S. Department of Justice's Elder Justice Initiative working to educate seniors about common scams. The article outlines five major fraud schemes targeting seniors: Social Security impostor scams (falsely claiming account suspension and requesting funds via gift cards), tech support scams (claiming virus detection and requesting remote device access), lottery scams (falsely informing victims of foreign lottery winnings and demanding fees), and romance scams (exploiting victims through dating platforms to solicit money).
mylloydminsternow.com · 2025-12-08
Lloydminster residents attended a fraud prevention awareness event featuring experts who highlighted two major scam types: grandparent scams and romance scams. Key recommendations included establishing a family safe word to verify callers' identities (which has saved three Alberta families), performing reverse image searches on potential contacts, and avoiding sending money to unknown individuals, particularly those with red flags like new social media accounts or out-of-country connections. The presenters emphasized that romance scam victims—who may lose hundreds of thousands of dollars—should not be shamed for falling victim to emotionally manipulative predators, and encouraged all victims to report fraud to police and family despite embarrassment.
aol.com · 2025-12-08
A Cambodia-based gang with North Korean ties operating under the Huione Group has stolen billions of dollars from Americans through "pig butchering" romance scams and investment fraud since August 2021, according to federal officials. Between August 2021 and January 2025, Huione raked in at least $4 billion in proceeds, with the operation facilitating payments and cryptocurrency exchanges that enabled the scams targeting US retirees and others through dating apps and social media. The US Treasury Department has proposed a federal rule to sever Huione Group's access to the US financial system, with one victim, Beth Hyland, losing $26,000 to a Tinder sc
dispatch.com · 2025-12-08
Seniors are frequently targeted by scammers through multiple channels including impersonation, tech support fraud, romance scams, and AI deepfakes, often resulting in significant financial losses including entire life savings. Columbus police and banking experts identify seniors as especially vulnerable due to lower tech literacy and greater trust in communications, and recommend protective measures such as verifying unexpected contacts independently, avoiding unsolicited links, and using video calls to confirm romantic connections. Families should discuss specific scam examples with seniors to help them recognize and prevent fraud.
bangkokpost.com · 2025-12-08
A 32-year-old Thai engineer lost 8.46 million baht (approximately $240,000 USD) to call center scammers impersonating Department of Special Investigation (DSI) officials who claimed he was involved in money laundering. The scammers used forged documents, continuous calls over seven days, and threats of asset confiscation to coerce him into making 11 wire transfers from multiple bank accounts, while keeping him isolated and on the phone throughout. The victim only realized he was scammed when he informed his father, and recovery efforts through his banks have been unsuccessful so far.
today.rtl.lu · 2025-12-08
A Luxembourg physiotherapist lost nearly €30,000 to an "alloteur" phone scam in which fraudsters impersonated his bank's fraud department, convinced him his accounts were compromised, and manipulated him into providing login credentials and authorizing account transfers under the guise of recovering stolen funds. The scammers exploited a banking vulnerability by having the victim remove security safeguards, ultimately draining his accounts while the fake advisor provided false reassurances about fund recovery. Though his bank reimbursed €17,000, the victim was denied recovery of the remaining €10,000 on grounds that he had "facilitated" the fraud, and the case remained un
highlandcountypress.com · 2025-12-08
Ohio's Departments of Commerce and Aging are warning seniors about escalating financial fraud, noting a 22% increase in scam complaints in Ohio (302 in 2024 vs. 247 in 2023) and $1.6 billion in elder fraud losses nationally from January-May 2024. Scams have become increasingly sophisticated, utilizing AI voice cloning and cryptocurrency transfers, with older adults aged 60+ now 60% more likely than younger adults to lose over $100,000. The departments recommend protective measures including verifying unfamiliar contacts, resisting pressure tactics, monitoring accounts regularly, and reporting suspected fraud immediately.
signalsaz.com · 2025-12-08
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Fraud affects all age groups but scammers tailor tactics to exploit generation-specific vulnerabilities: Gen Z faces employment and crypto scams via social media, Millennials encounter investment fraud through spoofed communications, Gen X targets investment schemes, and Seniors are most susceptible to romance, investment, and home improvement scams resulting in losses of $10,000 to $100,000 or more. Desert Financial Credit Union advises recognizing red flags such as unsolicited contact, requests for money or wire transfers, urgency, and coaching about what to tell financial institutions, recommending victims pause to research claims and consult trusted contacts before authorizing any transactions.
aol.com · 2025-12-08
The "Hi Mum" WhatsApp scam, which targets parents by impersonating their children to solicit money for emergencies, has caused £226,744 in losses to UK victims between 2023-2025 and is evolving rapidly, including the use of AI voice impersonation technology to increase authenticity. Fraudsters typically claim to have lost their phone or need money urgently for bills or rent, and request transfers to unfamiliar bank accounts. Experts recommend verifying requests by calling the person directly on their known number, asking security questions only they would know, or establishing family passwords, and advise reporting suspected scams immediately to banks and relevant authorities.
independent.co.uk · 2025-12-08
The "hi mum" WhatsApp scam, where fraudsters impersonate children or close relatives to request emergency money transfers, is rapidly evolving with the use of AI voice impersonation technology to make deceptions more convincing. Between 2023 and 2025, UK victims lost £226,744 to this scam, with sons being the most successfully impersonated relatives according to Santander UK data. Experts recommend verifying unexpected money requests by calling the person directly, asking security questions only they would know, or waiting to see them in person.
mashable.com · 2025-12-08
Pig-butchering scams—where fraudsters build trust through fake relationships before soliciting money for crypto investments—are surging due to AI-enabled personalization, with text message scams costing Americans $470 million in 2024 alone, five times the 2020 amount. According to McAfee, 25 percent of Americans have received these "wrong number" opening messages, often originating from Southeast Asian operations that exploit forced labor. The most effective defense is to ignore unsolicited messages from unknown contacts, block the number, and avoid engaging.
cantonrep.com · 2025-12-08
The Better Business Bureau warns adults ages 55 and older that investment/cryptocurrency scams, online purchase scams, romance scams, and home improvement scams pose the greatest risks to this demographic. The BBB recommends protecting oneself by being skeptical of unsolicited calls (especially those impersonating government agencies), recognizing common scam red flags like pressure to act quickly or requests for unusual payment methods, researching investments carefully, and avoiding clicking links in unsolicited emails or messages.
indeonline.com · 2025-12-08
The Better Business Bureau alerts adults 55 and older that investment/cryptocurrency scams, online purchase scams, and romance scams pose significant risks to this demographic. The BBB recommends protecting yourself by avoiding unsolicited calls and unverified callers, researching investments thoroughly, recognizing red flags like pressure tactics and requests for unusual payment methods, and being cautious of too-good-to-be-true offers for home improvement, medical equipment, and charities. Specific threats include phone fraud where scammers impersonate government agents or banks, Medicare fraud involving fake durable medical equipment, and malware from suspicious links in emails or social media.
therecord.media · 2025-12-08
The U.S. Treasury Department sanctioned Myanmar militia group Karen National Army (KNA) and its leader Saw Chit Thu for profiting from large-scale cyber scam operations, particularly in Shwe Kokko where industrial scamming compounds force trafficked workers to defraud victims through fraudulent investment schemes. The KNA leases land to criminal groups, provides security, and facilitates human trafficking to support these operations, which have caused Americans to lose over $6.5 billion to cryptocurrency investment fraud alone. The sanctions block the militia leader and his family from U.S. business dealings and follow international designations by the UK and EU, as well as broader Treasury actions against money laun
newtondailynews.com · 2025-12-08
The "Pig Butchering Scam" combines romance fraud with cryptocurrency schemes, where scammers build trust with victims over weeks or months before pitching fake investment opportunities and stealing their money. The FTC reported record losses of $12.5 billion to fraud in 2024 (a 25% increase), with investment scams alone accounting for $4.7 billion in losses and a median loss of $9,196 per victim. Protection involves blocking unsolicited contacts, verifying investment opportunities through research and trusted advisors, and immediately reporting suspected scams to law enforcement and financial institutions.
punchng.com · 2025-12-08
Nigerian national Chimezie Nwabueze, 28, was arrested by Canadian police in April 2025 for a romance scam that defrauded two victims of $610,382 between June 2021 and July 2023. Nwabueze posed as a romantic interest on dating platforms and falsely claimed to own an oil rig in the Middle East, requesting money with promises of repayment before cutting off communication once victims questioned him. This marks his second arrest for similar fraud; he was previously charged in November 2023 for defrauding another victim of over $250,000 using the same method, and investigators believe he is part of a
indiatoday.in · 2025-12-08
A 21-year-old Indian student, Kishan Kumar Singh, was arrested in North Carolina for impersonating a federal agent and attempting to defraud a 78-year-old woman by convincing her that her bank accounts were compromised and pressuring her to withdraw cash for "safekeeping"; he was apprehended when arriving to collect the money. This marks the third arrest of an Indian student in two weeks for targeting elderly Americans through similar government impersonation scams, with Singh now facing felony charges including attempted theft and elder exploitation under a $1 million bond.
pensions-expert.com · 2025-12-08
A joint regulatory awareness campaign by the Financial Conduct Authority and Pensions Regulator significantly increased public engagement, with ScamSmart website visits rising 462% to over 173,000 people following the campaign launch, and more than 370 pension holders warned about unauthorized companies. However, over half of UK adults aged 45-65 with pensions still believe they are unlikely to be targeted, with many underestimating scam sophistication or overestimating their own ability to detect fraud. Experts warn that pension scams continue to evolve with increasingly sophisticated techniques, and while a planned 2019 cold-calling ban may help, sustained public education and awareness campaigns remain critical to
northpennnow.com · 2025-12-08
A 69-year-old Philadelphia woman narrowly avoided losing money to a sophisticated tech support scam that impersonated Norton antivirus, Microsoft, and her bank to pressure her into purchasing cryptocurrency, claiming she faced arrest due to child pornography on her computer. The Federal Trade Commission reported Americans lost between $23.7 billion and $158.3 billion to financial scams in the 2023-2024 fiscal year, with experts citing artificial intelligence, dark web data access, and lack of federal oversight as enabling factors that make scams increasingly convincing and difficult to report or recover from.
wyff4.com · 2025-12-08
AI voice-mimicking scams emerged as a major threat in 2025, with scammers using artificial intelligence to impersonate family members in distress to solicit emergency payments. A victim named Dee Dee nearly lost $9,500 after receiving a convincing call from what sounded like her grandson claiming he needed bail money for a car accident, but was stopped just in time by her daughter's intervention. The article recommends families establish secret code words to verify caller identity when unexpected financial requests are made.
9news.com · 2025-12-08
Cybersecurity experts are warning of an increase in REAL ID-related scams as the federal enforcement deadline approaches on May 7, 2025. Scammers are impersonating DMVs via email, text, phone calls, and spoofed websites to trick people into providing personal information such as names, Social Security numbers, and addresses by claiming they can expedite the REAL ID process for a fee. The Colorado DMV clarifies it never contacts individuals directly requesting payment or personal information, and advises people to report suspicious messages to the FBI's Internet Crime Complaint Center or Federal Trade Commission rather than clicking links or sharing details.
wpsdlocal6.com · 2025-12-08
In 2024, over 859,000 Americans filed complaints with the FBI about internet scams, resulting in $16.6 billion in losses—a 33% increase from the previous year. Investment scams caused the largest losses at $6.5 billion, while seniors aged 60+ were disproportionately targeted, losing $2.5 billion to various schemes including tech support scams ($1 billion among seniors alone), business email compromise ($2.7 billion), call center scams ($1.9 billion), and grandparent scams. The FBI advises vigilance against suspicious links, unsolicited remote access requests, and urgent money transfer requests, recomm
mlive.com · 2025-12-08
The FBI warns of an ongoing discount medical insurance scam that targets people seeking affordable healthcare through unsolicited contact via calls, texts, or emails, promising discounted rates and coverage that fails to materialize when victims need medical services. Scammers use pressure tactics like time-limited offers and misrepresent coverage while refusing refunds, with Washington state issuing a cease-and-desist against one company operating under multiple names after receiving over 100 complaints. Victims reported unpaid medical bills ranging from hundreds to thousands of dollars, as well as difficulty canceling policies and receiving promised refunds.
al.com · 2025-12-08
Scammers are targeting Americans seeking affordable health insurance through unsolicited calls, texts, and emails offering discounted plans under names of legitimate providers, but these fraudulent schemes fail to deliver actual coverage and cost consumers millions annually. Victims report being unable to access coverage when needed, receiving no refunds, and facing difficulty canceling accounts. The FBI advises verifying insurers through state insurance commissioners or the Better Business Bureau, requesting policy documents before payment, avoiding upfront fees, and being wary of pressure tactics or offers that seem too good to be true.
theedgemalaysia.com · 2025-12-08
Two major fraud incidents in Malaysia highlight the growing threat of AI-enabled scams targeting even sophisticated financial institutions. A Maybank CFO nearly fell victim to a deepfake scheme involving an AI-generated Zoom call impersonating a colleague, which attempted to facilitate an unauthorized US$985,426 transfer, while a subsequent breach of the Malaysian stock trading system resulted in unauthorized trades potentially totaling RM10 million, with at least one investor losing RM500,000 in an earlier, initially overlooked hack.
ranker.com · 2025-12-08
This article is not a traditional scam news story but rather a collection of Reddit posts discussing controversial situations involving scam-adjacent behavior. The pieces highlight disputes where individuals either refused to participate in fraud (a roommate's government rental assistance scheme) or were accused of unfair dealing (an inheritance disagreement), illustrating how scam-related ethical dilemmas divide public opinion online.
indiawest.com · 2025-12-08
A 21-year-old Indian student, Kishan Kumar Singh, was arrested in North Carolina for impersonating a federal agent to defraud a 78-year-old woman into withdrawing money under the false claim her bank accounts were compromised. Singh faces felony charges including elder exploitation and is being held on a $1 million bond, part of a growing pattern of Indian students involved in elder fraud schemes targeting seniors nationwide.
theadvocate.com · 2025-12-08
**Educational Presentation on Elder Fraud Prevention** Sharon Creque of the Louisiana Attorney General's office presented to the Zachary Rotary Club on April 24 about the growing threat of elder fraud, which includes fake IRS calls, Medicare fraud, and identity theft targeting seniors through sophisticated scams. Key prevention measures include never sharing personal or financial information on unsolicited calls, hanging up on suspicious callers, using caller ID to block unknowns, and avoiding unfamiliar email links that may contain malware. The presentation emphasized that many cases go unreported due to victim embarrassment or confusion, and encouraged community awareness and reporting through the state attorney general's office.
yahoo.com · 2025-12-08
The FBI issued a nationwide alert about fraudulent "discount" medical insurance schemes targeting seniors and other Americans, resulting in millions of dollars in losses. Scammers impersonate legitimate insurance companies through unsolicited calls, texts, and emails, using high-pressure tactics to pressure victims into enrolling in fake plans that provide no actual coverage when medical services are needed. Documented cases include victims in Washington, Pennsylvania, Texas, and Maryland who were denied coverage claims, subjected to unauthorized charges, and refused refunds after discovering the plans were fraudulent.
wjactv.com · 2025-12-08
**Summary:** Windber Police Chief Andy Frear warned of increased phone scams targeting older adults in Somerset County, Pennsylvania, after two recent victims lost tens of thousands of dollars. Scammers use various pretexts—claiming loved ones have been arrested or accounts have been hacked—and request money or gift cards, with older people being the primary targets. Chief Frear urges family members to alert elderly relatives about these scams and recommends calling police immediately or contacting their bank if they suspect fraud.
herald-dispatch.com · 2025-12-08
Scammers commonly target adults 55+ with investment/cryptocurrency scams, online purchase fraud, romance scams, and home improvement schemes. The article outlines key warning signs including unsolicited calls from those claiming to be government officials or bank employees, requests for unusual payment methods, pressure to act quickly, and too-good-to-be-true offers. Recommended protections include registering with the National Do-Not-Call Registry, hanging up on unsolicited callers, researching investments thoroughly, avoiding clicking suspicious links, and verifying unexpected claims by contacting official sources directly.
states.aarp.org · 2025-12-08
AARP Virginia hosted an interactive "Whodunnit: Spot the Scammer" event in Richmond on April 10, 2025, attracting over 30 participants to learn about common fraud schemes affecting older adults. The educational event featured a fictional case study of a retiree targeted by romance, sweepstakes, and IRS scams, with volunteers providing information on how to recognize and avoid these frauds, addressing the 57,867 fraud reports filed in Virginia during 2024. AARP's Fraud Watch Network offers free support through their helpline at 877-908-3360, answering approximately 500 calls daily to help fraud victims and provide
thehackernews.com · 2025-12-08
Cybersecurity researchers identified two threat actor groups—Reckless Rabbit and Ruthless Rabbit—operating investment scams that use spoofed celebrity endorsements on social media to direct victims to fake cryptocurrency exchanges and investment platforms. The scammers collect personal and financial information through deceptive web forms, validate victims using IP geolocation tools, and route qualified targets through traffic distribution systems to either steal funds directly or connect them with call centers that coach them into depositing money. Both groups primarily target users in Eastern Europe and use domain generation algorithms and cloaking services to evade detection.