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express.co.uk
· 2025-12-08
Advanced fee job scams in the UK surged 237% since the start of the year, with victims losing up to £5,000, according to Lloyds Bank. These increasingly sophisticated scams, predominantly targeting job seekers aged 18-34 through social media platforms, lure victims with fake remote work opportunities before demanding upfront payments for processing fees, training, or other fictitious costs; the average loss per victim is £1,420, with scammers sometimes manipulating victims into making multiple payments or unknowingly participating in money laundering schemes. Fraudsters employ tactics ranging from simple fake task postings (liking TikTok videos, writing fake reviews) to elaborate schemes
livemint.com
· 2025-12-08
A Belgian man drove 472 miles to meet French model Sophie Vouzelaud after being romantically deceived online, only to be confronted by her actual husband at her door. The victim had sent approximately $35,000 to someone impersonating Vouzelaud over the course of their online "relationship," a classic romance scam that exploited his emotional vulnerability. Vouzelaud subsequently warned her followers on Instagram about fake accounts using her identity and images, highlighting the risks of online romance fraud.
koco.com
· 2025-12-08
Multiple scams are currently targeting Oklahomans, including fake bank fraud calls where scammers impersonate financial institutions to obtain personal information and conduct unauthorized wire transfers, as well as grandparent scams where callers impersonate relatives claiming to be in emergencies. To protect themselves, Oklahomans are advised to hang up on unsolicited calls, avoid sharing personal information like passwords or account numbers, independently verify emergencies by directly contacting the person or institution involved, and report suspected scams to police, banks, and the state attorney general's office.
forbes.com
· 2025-12-08
Michael Shannon Sims and Juan Carlos Reynoso were charged with wire fraud and money laundering for operating OmegaPro, a fraudulent forex trading platform that defrauded investors of over $650 million between 2019 and 2023. The scheme operated as a Ponzi scheme with pyramid scheme elements, using lavish promotional events and social media displays of wealth to lure victims with promises of up to 300% returns, while no actual trading occurred and the defendants used stolen funds for personal expenses. The scam eventually collapsed in 2023 when victims were told their accounts had been "hacked" and were directed to a non-existent successor platform, leaving them unable
theguardian.com
· 2025-12-08
**Rental Fraud Overview**
Young people account for three-quarters of rental fraud cases, with approximately £9 million lost across 5,000 reported incidents last year. Scammers typically pose as landlords on low-cost listing sites and social media, offering cheap properties and requesting deposits before viewings, using tactics like fake videos and artificial urgency to pressure victims into payment.
**Key Prevention Advice:** Never pay deposits without viewing the property in person, verify landlord credentials and ownership proof, scrutinize profile creation dates and multiple similar listings, and trust instincts when details seem suspicious.
ttrweekly.com
· 2025-12-08
Travel insurance experts at Quotezone.co.uk warn of rising fake visa websites and phishing scams targeting holidaymakers as countries digitize visa applications. Scammers create convincing copycat government portals, charge inflated fees for fake or unnecessary documents, and use phishing emails impersonating immigration authorities to steal personal information and payment details. The article provides guidance on avoiding these scams, including using only official government websites, verifying HTTPS security, avoiding pressure tactics, and paying with credit cards for fraud protection.
wboc.com
· 2025-12-08
The Dorchester County Sheriff's Office warned of a spike in scam calls where impersonators claiming to be deputies use the department's official number to tell victims they have outstanding warrants or missed court dates, then demand payment via gift cards or digital payment apps like CashApp, Venmo, or Zelle. Authorities emphasized that the sheriff's office never calls to demand payment for legal matters and urged residents to hang up, avoid sharing personal information, and report suspicious calls to local law enforcement.
thebaynet.com
· 2025-12-08
Government impersonation scams targeting older adults in Maryland have surged, with fraudsters posing as federal agents and law enforcement to pressure victims into transferring funds via untraceable methods like gold bars, gift cards, and cryptocurrency. Montgomery County alone reported over $5 million in gold-related scam losses in the past year, including a Bethesda woman who lost $1.1 million and a man sentenced to 6.5 years in prison for collecting nearly $800,000 in gold bars. The FTC warns that legitimate government agencies never demand immediate payment or ask people to buy gold, and urges victims to hang up, report incidents at ReportFraud.ftc
tribuneindia.com
· 2025-12-08
The Second Innings Association, in collaboration with Chandigarh Police and the Reserve Bank of India, organized a cyber fraud awareness program for over 150 senior citizens to educate them on rising digital threats. Experts presented information on phishing, UPI frauds, OTP misuse, and other cybercrime tactics, using real-life case studies and live demonstrations to teach attendees how to identify red flags and secure their online transactions. Participants learned to report cybercrime through helpline 1930 or cybercrime.gov.in.
newsmeter.in
· 2025-12-08
Digital arrest scams in Hyderabad decreased by over 75% in the first half of 2025 (34 cases) compared to the same period in 2024 (140 cases), attributed to increased public awareness efforts. Senior citizens aged 60-80, particularly retired professionals with children abroad, remain primary targets of these scams, where fraudsters impersonate law enforcement officers and coerce victims to liquidate assets through psychological manipulation and threats of arrest. Recent cases included an 84-year-old man defrauded of Rs 44 lakh and a 69-year-old woman defrauded of Rs 38.7 lakh, with police adv
kelly.senate.gov
· 2025-12-08
Arizona Senator Mark Kelly led a bipartisan Senate effort urging federal agencies to coordinate against transnational criminal networks operating "scam labor camps" in Southeast Asia and elsewhere that traffic or coerce individuals into defrauding older Americans. According to the FBI, Americans over 60 lost more than $3.4 billion to online scams in 2023—an 80% increase in two years—through tactics including tech support scams, cryptocurrency fraud, romance scams, and government impersonation. The lawmakers requested that the Secret Service, State Department, and Treasury Department enhance international law enforcement partnerships, dismantle trafficking operations, strengthen public awareness campaigns, and improve interagency coordination while reporting back by July
nypost.com
· 2025-12-08
A Belgian man named Michel lost $35,000 in a romance scam after being catfished by someone impersonating French model Sophie Vouzelaud online; he drove 472 miles to meet his "future wife" only to be confronted by her actual husband, Fabien Boutamine, at her home. The scammer had posed as Vouzelaud on fake social media accounts and fabricated stories including a false pregnancy to manipulate Michel emotionally. Vouzelaud advised Michel to report the fraud to police and preserve all evidence, though it is unclear if a report was filed.
newsbreak.com
· 2025-12-08
An Eastern Oregon woman lost $600,000 (nearly her entire life savings) to scammers impersonating federal agents who convinced her that her financial accounts were at risk and instructed her to purchase gold bars for "safekeeping." Her sister's call to the Oregon Department of Justice Consumer Protection Hotline enabled law enforcement to intervene and prevent an additional $300,000 from being transferred before the final transaction could occur.
kjct8.com
· 2025-12-08
The Grand Junction Police Department warned residents of a text scam impersonating UPS that requests payment of delivery fees or confirmation of delivery details through suspicious links. Red flags include unknown sender numbers, urgent language, unexpected payment requests, mismatched tracking numbers, and poor spelling/grammar. According to the Federal Trade Commission, similar scams caused losses of nearly $470 million in 2024.
wlos.com
· 2025-12-08
North Carolina officials including Attorney General Jeff Jackson and Secretary of State Elaine Marshall launched a statewide initiative with AARP and local partners to prevent cryptocurrency ATM scams, after reports of victims losing their life savings. The scams typically target older adults by establishing emotional connections and directing victims to transfer money from their bank accounts to cryptocurrency ATMs, which scammers then convert to cash and steal. The campaign aims to educate the public on warning signs, such as pressure to withdraw cash immediately or claims that government officials require crypto payments, and provides resources through 211 for residents to report suspicious activity and connect with law enforcement.
inquisitr.com
· 2025-12-08
A 52-year-old Texas man, Paul Schendel, lost over $6,000 to a sophisticated bank impersonation scam involving call spoofing and an in-person card collection scheme, and died of a heart attack the following day after learning of the fraud. The scam began with a caller impersonating his bank, followed by a woman posing as Wells Fargo security who collected his debit card at his home; the bank confirmed they do not initiate contact via phone and could not reimburse him. Similar scams targeting victims through fraudulent bank employee impersonation have increased dramatically, with other victims like Scott Merovitch losing $20,000
97x.com
· 2025-12-08
Scammers are exploiting JOANN Fabric's legitimate store closures by creating fake websites advertising bankruptcy sales with discounts up to 90% off, targeting North Carolina shoppers through Facebook, Pinterest, and Nextdoor ads. Victims who purchase from these fraudulent sites receive confirmation emails from unrelated businesses and never receive their items, with unauthorized charges appearing on their bank statements. The article advises consumers to verify sales directly through JOANN's official website, be wary of unrealistic discounts, use credit cards for better fraud protection, and report scams to the FTC, noting that legitimate JOANN clearance sales only occur in physical stores.
mirror.co.uk
· 2025-12-08
The DVLA warned drivers not to share photos of their V5C vehicle logbooks on social media or selling sites, as scammers can use the personal information contained in these documents (such as registered keeper addresses and reference numbers) for identity theft. The alert emphasized that drivers should avoid sharing private information online and report suspicious communications to Action Fraud or Police Scotland, with additional guidance provided for those who have already compromised their details, including notifying their banks and changing passwords. The warning was part of a broader government effort to alert the public about various online scams, including a separate bogus "Energy Support Scheme" text message scam from the Department for Work and Pensions.
bbc.com
· 2025-12-08
A 76-year-old Belgian widower traveled 760km to France after falling victim to a romance scam, believing he was in a relationship with French beauty queen Sophie Vouzelaud and having paid €30,000 to scammers over several weeks of WhatsApp communication. He arrived at Vouzelaud's home only to be met by her actual husband, who explained the deception and encouraged him to report the fraud to police. The article also outlines common warning signs of romance fraud and provides advice for avoiding and supporting victims of such scams.
manchestereveningnews.co.uk
· 2025-12-08
An Asda security guard in Northern Ireland identified 10-15 potential romance scam victims over six months, where fraudsters impersonate celebrities or romantic interests on social media to manipulate victims into purchasing gift cards and sharing the barcodes. The guard intervened in cases involving hundreds of pounds in losses, successfully helping one customer recover £1,000 through police involvement and preventing another from losing £750, highlighting how this scam has become increasingly common in retail settings.
intelligentcio.com
· 2025-12-08
Tucoemas Federal Credit Union partnered with Carefull, an AI-powered financial safety platform, to provide real-time fraud detection and elder exploitation prevention for its older members and their families. The partnership enhances Tucoemas' existing PrimeTimers program by offering suspicious transaction monitoring, credit activity alerts, a secure document vault, scam analysis tools, and $1 million in identity theft insurance to help protect against the growing threat of elder financial abuse. This initiative reflects Tucoemas' commitment to serving California's rapidly growing population of adults over 65 with proactive financial security and family involvement in fraud prevention.
the-independent.com
· 2025-12-08
In early 2025, Chinese actor Wang Xing was abducted after being lured to Thailand under false pretenses and taken to a scam operation in Myanmar, sparking widespread panic about fraud on Chinese social media; Thai police rescued him within three days after he reported being forced into training for "pig butchering" scams. Pig butchering scams, operated by organized crime groups primarily since 2019, involve criminals building trust with victims online before manipulating them into making large fraudulent investments, with victims losing billions globally—including a U.S. banker who embezzled $47 million to cover losses from such a scam, and a Connecticut woman who lost nearly $1
wwnytv.com
· 2025-12-08
Senator Gillibrand raised concerns about proposed budget cuts to the Consumer Financial Protection Bureau (CFPB) and other federal agencies responsible for protecting seniors from fraud, noting that older adults lost nearly $5 billion to scams in the previous year. She argued that reducing funding to these agencies is counterproductive at a time when artificial intelligence has made financial fraud schemes more sophisticated, and called for an examination of how such cuts would impact senior protection efforts.
yahoo.com
· 2025-12-08
Senator Kirsten Gillibrand is calling for federal action to protect seniors from fraud, citing concerns that staffing cuts at agencies like the Consumer Financial Protection Bureau are hampering scam prevention efforts at a time when seniors lost $4.8 billion to scammers in 2024. She has requested the Government Accountability Office examine how these cuts affect federal fraud-fighting capabilities and is working on legislation to implement GAO recommendations, including directing the FBI to develop a national strategy against scams targeting older adults.
oswegocountytoday.com
· 2025-12-08
Senator Kirsten Gillibrand held a press conference to protest proposed federal budget cuts to agencies protecting seniors from fraud, noting that seniors lost nearly $5 billion to scams in the previous year. Gillibrand called on the Trump administration to maintain funding for agencies like the Consumer Financial Protection Bureau that investigate fraud complaints and requested the Government Accountability Office examine how staffing cuts would impact senior fraud protection efforts.
mycomoxvalleynow.com
· 2025-12-08
A woman in her 70s lost $1,300 to an identity theft scam after receiving a call from someone posing as her bank, who instructed her from depositing cash into a Bitcoin ATM to "protect" her funds; an alert store employee intervened and prevented the victim from depositing an additional $3,700. The Comox Valley RCMP warns that cryptocurrency machines are never used by legitimate financial institutions, and that scammers create urgency by falsely claiming identity theft or account compromise to manipulate victims into irreversible transactions.
thehindu.com
· 2025-12-08
Hyderabad Police reported a 75% drop in digital arrest scams in the first half of 2025, with 34 cases compared to 140 in the same period of 2024, attributed to awareness campaigns and advisories. However, senior citizens—particularly those aged 60-80, highly educated, and living alone with children abroad—remain primary targets, as illustrated by recent cases where an 84-year-old lost ₹44 lakh and a 69-year-old lost ₹38.7 lakh after being falsely accused of money laundering and human trafficking. Police emphasize that these scams aim for psychological control and isolation, not just
tillamookheadlightherald.com
· 2025-12-08
An Eastern Oregon woman lost $600,000 in life savings to a "gold bar scam" in which scammers impersonated federal agents, claimed her accounts were at risk, and convinced her to purchase gold bars for "safekeeping"; local law enforcement prevented an additional $300,000 loss after her sister reported the scheme to the Oregon Department of Justice Consumer Hotline. The scam typically involves fraudsters creating false urgency about compromised finances, instructing victims to convert assets into gold, and dispatching couriers to collect the valuables before disappearing. The Oregon DOJ warns that no legitimate government agency requests gold purchases or home visits for money collection, and urges victims to hang up
texasattorneygeneral.gov
· 2025-12-08
Texas Attorney General Ken Paxton launched an investigation into fraudulent charity scams where bad actors impersonated payment processors to collect flood relief donations intended for the Center Point Volunteer Fire Department under false pretenses. The scammers exploited the Texas Hill Country flooding tragedy to deceive donors, diverting money for personal gain while the fire department itself suffered significant losses. The Attorney General's office advises donors to verify charities through resources like CharityWatch and GuideStar, avoid wiring money or sharing personal information, and report suspected fraud to the Texas Attorney General's Consumer Protection Division.
cbc.ca
· 2025-12-08
"Quishing" (QR code phishing) is an emerging scam where fraudsters place fake QR codes on public surfaces like parking meters, signs, and emails to direct unsuspecting users to malicious websites that steal personal information or money. While QR code fraud remains relatively uncommon in Canada with only 10 reported cases since 2024, experts warn the threat is growing as QR code usage becomes ubiquitous and users scan them without verifying their source. To protect yourself, verify the legitimacy of QR codes before scanning, check URLs before entering personal information, and use security tools to scan codes safely.
fox5dc.com
· 2025-12-08
The Maryland Motor Vehicle Administration warned residents about a text message scam falsely claiming traffic violations, suspended licenses, and demanding immediate payment under threat of legal action. The scam attempted to trick recipients into sharing personal information and making payments for bogus penalties. The MVA clarified that it never contacts drivers via text to request personal information or payment and advised recipients to delete such messages and report them to the Federal Trade Commission.
timesofindia.indiatimes.com
· 2025-12-08
**Online Job Fraud:** A man in Mangaluru lost Rs 4.66 lakh after downloading an app via a WhatsApp link that promised Rs 1,000 daily income; the app hacked his phone, allowing fraudsters to access his and his parents' bank accounts and siphon funds. Four suspects were identified and a case was registered at Surathkal police station.
**Investment Scam:** A 33-year-old woman in Udupi transferred Rs 1.12 lakh to unknown fraudsters between July 7-14 after receiving anonymous calls promising to double her investment. A case was filed at Hiriyadka police station under Section
anz.com.au
· 2025-12-08
Australian bank ANZ reports measurable improvements in scam detection through its partnership with BioCatch Trust, an inter-bank fraud intelligence network that uses behavioral biometrics and real-time risk scoring to identify sophisticated scams including impersonation, investment, romance, and business email compromise schemes. In 2024-2025, Australians lost over $2.03 billion to scams, with romance scams averaging AU$15,000 per victim and investment scams causing AU$59 million in losses; the BioCatch integration has enhanced detection of complex fraud while reducing false positives that inconvenience legitimate customers.
yellowhammernews.com
· 2025-12-08
Americans over 60 reported over $3.4 billion in fraud losses in 2023, with scammers increasingly exploiting technology to target older adults through fake calls, phishing emails, and data collection via smart home devices. The article identifies five red flags: unsolicited contact, pressure to act immediately, requests for untraceable payments (wire transfers, gift cards, cryptocurrency), demands for sensitive information, and promises that seem too good to be true. Key protective measures include verifying unexpected requests with trusted contacts, using strong unique passwords for smart devices, keeping software updated, securing Wi-Fi networks, and reviewing smart device privacy settings to understand what data is being collected.
ice.gov
· 2025-12-08
Ehis Lawrence Akhimie, a Nigerian national, pleaded guilty to operating a transnational inheritance fraud scheme that defrauded over 400 elderly and vulnerable U.S. victims of more than $6 million. The scheme involved sending personalized letters falsely claiming victims were entitled to multimillion-dollar inheritances and requesting upfront payments for delivery fees and taxes, with funds collected through a network of U.S.-based money mules. Akhimie faces a maximum of 20 years imprisonment, and seven co-conspirators from the United Kingdom, Spain, and Nigeria have also been convicted in connection with this international fraud operation.
rstreet.org
· 2025-12-08
In 2024, reported fraud losses reached $12.5 billion, a 25 percent increase driven primarily by sophisticated investment scams totaling $5.7 billion. Bipartisan legislation called the TRAPS Act proposes creating a federal task force composed of representatives from the Treasury Department, CFPB, FCC, FTC, DOJ, and industry experts to coordinate efforts in combating financially advanced scams and develop recommendations for regulatory and legislative reforms. These efforts are part of a broader government initiative that includes executive orders on check fraud reduction and the GUARD Act to investigate elder fraud using technologies like blockchain.
crescentavalleyweekly.com
· 2025-12-08
The FBI and FTC are warning the public about evolving scams that exploit advancing technology, including AI-generated voice impersonations of law enforcement and government officials. Elderly Americans are particularly vulnerable to romance scams, tech support scams, grandparent scams, government impersonation scams, sweepstakes scams, and home repair scams, with millions falling victim annually. The agencies also warn against business email compromise, charity fraud (especially after disasters), cryptocurrency job scams, VA benefits overpayment scams, and card skimmers, recommending victims verify charitable organizations through trusted databases and use credit cards rather than cash, gift cards, or wire transfers for donations.
waka.com
· 2025-12-08
The Central Alabama Aging Consortium held its annual Elder Justice and Fraud Conference in Wetumpka to educate the public about elder abuse and scams. Elder abuse takes multiple forms including financial exploitation, neglect, and abandonment by caregivers. Conference organizers emphasize the importance of staying informed about evolving fraud tactics and recognizing warning signs of elder abuse.
wbng.com
· 2025-12-08
Senator Gillibrand expressed concern about proposed budget cuts to the Consumer Financial Protection Bureau (CFPB) and other federal agencies tasked with protecting seniors from fraud and scams. She noted that seniors lost nearly $5 billion to scammers in the previous year and argued that these cuts would undermine the government's ability to combat increasingly sophisticated AI-enabled fraud schemes. Gillibrand called for the Government Accountability Office to assess the potential impact of these budget reductions on senior fraud protection efforts.
ca.news.yahoo.com
· 2025-12-08
A Quebec man was charged with defrauding a Calgary senior of over $300,000 in a grandparent scam that occurred over six weeks in June 2022, in which he impersonated her grandson claiming to need bail money and then posed as a lawyer directing her to make over 300 cryptocurrency deposits. Jeremy Rattray, 34, faces charges of identity theft, fraud over $5,000, and money laundering, and the victim's funds have not been recovered. Calgary police warn seniors to hang up on callers requesting money transfers and note that legitimate officers will never ask for cryptocurrency or gift cards as part of an investigation.
bpi.com
· 2025-12-08
In 2024, consumers reported losing $12.5 billion to fraud—a 25 percent increase from the prior year—with phone/text scams accounting for $1.5 billion and social media scams for $1.9 billion in losses. Criminals use AI, spoofed calls, and hijacked social media accounts to target victims, with operations often based in Southeast Asia, while telecom and tech companies have financial incentives to monetize rather than prevent fraud. Banks and regulators are calling for stricter collaboration and regulation among tech giants and telecom providers to proactively combat scams at their source.
alaskasnewssource.com
· 2025-12-08
The Better Business Bureau's 2024 Scam Tracker Risk Report identifies investment and cryptocurrency scams as the riskiest scams in North America, with a median loss of approximately $5,000 per person and often initiated through social media outreach. In Alaska alone, six investment scam reports totaled losses exceeding $74,457 in 2024. The report emphasizes that working with legitimate, fee-based financial advisors—who use standard stock markets, make no guaranteed returns, and wait for clients to approach them—significantly reduces fraud risk and improves wealth-building outcomes compared to falling for unsolicited investment opportunities.
wkyc.com
· 2025-12-08
A Cuyahoga County grand jury indicted 16 individuals for their roles in a $2.6 million money order scam that operated across over 100 Walmart locations nationwide from December 2019 to January 2024. The suspects purchased money orders ranging from $1,000 to $5,000 at Walmart, deposited the funds remotely, and then returned the money orders for full refunds. Three suspects were arrested by the U.S. Secret Service's Money Laundering Task Force, with charges including money laundering, telecommunications fraud, and aggravated theft.
whec.com
· 2025-12-08
PPL, the company managing New York's Medicaid homecare program (CDPAP), experienced multiple security and operational failures including phishing scams affecting fewer than 100 of 225,000 caregivers, fraudulent bank account redirections by a terminated staffing agency employee, and failure to pay promised $100 bonuses to many transitioning caregivers. Affected caregivers like Lisa Robinson had personal information exposed and wages diverted, though PPL committed to full reimbursement and additional security training. The program's troubled rollout prompted the state to establish a separate help line and triggered the resignation of PPL's president.
express.co.uk
· 2025-12-08
A British content creator warned tourists about a "dish of the day" scam prevalent in Mallorca restaurants, where waiters recommend unlisted seafood specials without disclosing prices upfront, then charge double the standard menu price for ordinary produce presented as rare local delicacies. The scam targets foreign visitors who are persuaded by the appeal of "authentic" offerings while in holiday mode and fail to ask for prices before ordering. Viewers noted that such practices violate Spanish consumer protection laws requiring menu items and prices to be clearly displayed.
sequimgazette.com
· 2025-12-08
This educational piece from a county sheriff outlines common scam tactics affecting communities nationwide, including phishing, imposter scams, investment fraud, romance scams, tech support scams, grandparent scams, and payment transfer schemes. The sheriff advises residents to verify sources independently, avoid urgent pressure to act, be cautious with untraceable payment methods, and report suspected fraud to the FTC, emphasizing that scammers exploit new technologies and crises to target vulnerable victims across all demographics.
malwarebytes.com
· 2025-12-08
A retired US Army colonel pleaded guilty to conspiracy after disclosing classified national defense information to someone posing as a Ukrainian woman on a foreign dating app between February and April 2022, exploiting emotional manipulation typical of romance scams. Slater, who worked as a civilian at US Strategic Command, provided details about military targets and Russian capabilities, and faces five to seven years in prison under his plea deal. The case illustrates how romance scammers exploit loneliness and the desire for human connection to manipulate even experienced, security-cleared individuals into compromising sensitive information.
manilatimes.net
· 2025-12-08
Approximately 118 Filipino nationals were rescued from scam operation centers across Southeast Asia and are currently awaiting repatriation, according to the Philippine Department of Foreign Affairs. The Philippines coordinated with four ASEAN member countries to execute these rescues of Filipinos who were reportedly held against their will in scam hubs throughout the region.
dallasnews.com
· 2025-12-08
In 2024, seniors aged 65 and older reported nearly $4.9 billion in losses to financial scams—a 43% increase from the previous year—with Texas seniors alone filing over 9,473 complaints averaging $489,000 in losses each. Seniors are targeted because they control significant national wealth and often struggle to keep pace with technology, making them vulnerable to romance scams, tech support scams, grandparent scams, government impersonation, and investment fraud. Family members and caregivers can help protect seniors by monitoring account activity, maintaining open communication about financial matters, and encouraging consultation before large transactions, while laws like the 2017 Elder Abuse Prevention
bankingjournal.aba.com
· 2025-12-08
The ABA Foundation's Safe Banking for Seniors program provides free educational resources and materials to help bankers teach older Americans how to protect themselves from financial scams and fraud. The program aims to equip seniors with personal finance knowledge to avoid becoming victims, as criminals increasingly target vulnerable older populations across all age groups.