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in Tech Support Scam
whio.com
· 2025-12-08
The City of Huber Heights issued a public warning about tech support scams that use alarming pop-up messages or impersonated calls from Microsoft or Apple to trick victims into providing computer access or money. The scam exploits fear, and authorities advised residents not to call suspicious numbers, grant remote access, or make payments, instead recommending they restart devices, update security software, or consult trusted tech-savvy friends.
spokanejournal.com
· 2025-12-08
Washington Trust Bank employees launched a Senior Fraud Awareness workshop series in April 2023 to combat rising scams targeting older adults, after branch staff witnessed seniors being pressured to withdraw cash while on phone calls with scammers. The trio of bank managers has conducted five workshops in Spokane senior living communities and plans to expand regionally, providing FTC data, practical fraud prevention tips, and resources for reporting elder fraud. According to federal data, older adults lost over $1.9 billion to fraud in 2023 alone, with estimates suggesting actual losses could reach $61.5 billion.
local12.com
· 2025-12-08
An Ohio woman who lost nearly $42,000 to an online scam in August was able to recover $35,600 with help from law enforcement. The victim was tricked into sending Bitcoin to a scammer posing as Microsoft support after receiving a fake hacking warning on her computer. The Bureau of Criminal Investigation's Electronic Financial Investigations Unit traced and froze the funds, returning the majority of her money.
fedweek.com
· 2025-12-08
**Summary:**
The Government Accountability Office called for better federal coordination in countering scams, finding that while 13 agencies have anti-scam roles, they operate independently without a comprehensive government-wide strategy. The report noted that common scams include impersonations of federal agencies (particularly SSA, IRS, and DHS), tech support, and family members in crisis, and recommended developing unified strategies, national scam estimates, and measurement of consumer education effectiveness.
wbay.com
· 2025-12-08
Scammers are increasingly using artificial intelligence to personalize fraud schemes, moving beyond generic text and email scams to create convincing deepfake audio and video impersonations. Experts warn that AI allows fraudsters to manipulate personal information from social media and celebrity audio to create fake calls from grandchildren asking for money or fabricated celebrity investment pitches that appear authentic. Consumers are advised to pause and independently verify any urgent requests for money before responding.
defector.com
· 2025-12-08
This opinion piece argues that Florida exemplifies America's vulnerability to fraud and scamming, and expresses concern that cryptocurrency and current political leadership are enabling widespread fraud at scale. The author contends that scamming has become endemic to American society, from corporate fraud to crypto schemes, and that the president's creation of a memecoin represents a normalization of fraud at the highest governmental levels.
states.aarp.org
· 2025-12-08
AARP identifies six major scams threatening consumers in 2025, with particular risks for older adults: AI-powered scams using deepfakes and convincing phishing, imposter scams impersonating trusted figures, employment scams targeting job seekers with fake offers, tech support scams (which cost Americans 60+ over $175 million in 2023), romance scams exploiting emotional connections, and cryptocurrency scams (resulting in $1.6 billion in losses for those 60+ in 2023). The article advises vigilance against sophisticated tactics, emphasizing that legitimate companies don't request Social Security numbers during hiring, tech support representatives shouldn't demand remote access, and legitimate
indianexpress.com
· 2025-12-08
Cyber police in Jammu and Kashmir uncovered approximately 7,200 fraudulent "mule accounts" in 2025, with estimates potentially reaching 30,000, which scammers use to launder stolen money and evade detection. Mule accounts are opened by unwitting victims (tricked into sharing identity documents for fake schemes) or willing participants (who sell account access for small commissions of Rs 500–3,000), and when fraud occurs, the legitimate account holders face frozen accounts and legal consequences while actual scammers remain hidden. Students are increasingly targeted with promises of two percent commissions, making them vulnerable to becoming unknowing participants in financial crimes that ultimately victimize them
local12.com
· 2025-12-08
A 73-year-old Greater Cincinnati woman recovered over $35,000 after falling victim to a tech support scam involving a fake Microsoft pop-up that convinced her to convert nearly $42,000 into Bitcoin to repair her compromised computer. The Ohio Bureau of Criminal Investigation's Electronic Financial Investigations Unit was able to trace and recover most of the funds because the case was reported promptly, highlighting the importance of contacting law enforcement immediately upon suspecting fraud. Investigators could not identify the scammer but cautioned the public against responding to unsolicited calls demanding money and reminded people that law enforcement will not call about warrants or missed court dates.
techbullion.com
· 2025-12-08
**Article:** "As cybercriminals develop increasingly sophisticated techniques, elderly individuals have become prime targets for fraud"
Cybercriminals increasingly target elderly individuals with sophisticated fraud schemes, prompting development of AI and network security innovations designed specifically to protect seniors. Key prevention technologies include real-time threat detection using machine learning to identify anomalous transaction patterns, personalized behavioral analysis that adapts to individual user habits, enhanced authentication methods like voice biometrics and fingerprint recognition, AI-driven call and message filtering to block scams before reaching victims, and predictive fraud prevention systems. These interconnected security measures aim to create robust digital defenses that balance strong protection with user-friendly interfaces accessible to less
cowboystatedaily.com
· 2025-12-08
Employer impersonation scams and company spoofing fraud are increasingly prevalent in Wyoming, with scammers using stolen logos, emails, and AI-generated content to impersonate legitimate companies like PayPal, Amazon, USPS, and Best Buy's Geek Squad. The scams typically trick victims into clicking malicious links or submitting personal and banking information by exploiting psychological vulnerabilities through fear, emotions, and false job opportunities offering high pay. Experts recommend never clicking links in unsolicited emails or texts and instead verifying directly with companies through their official websites.
forbes.com
· 2025-12-08
Dating app users face increasing risks from romance scams, catfishing, and fraudulent profiles, prompting platforms to implement identity verification technologies. Users can protect themselves by verifying identities through multi-layered verification tools, avoiding profiles that seem too perfect or pressure quick money transfers, keeping personal information private, staying alert to bots, and reporting suspicious activity to the platform. Choosing dating apps with strong safety records and privacy protections is essential for fostering a secure online dating experience.
paymentsjournal.com
· 2025-12-08
Consumers face increasingly common scams such as fake toll bill texts and fraudulent service provider listings, yet many financial institutions fail to adequately budget for scam prevention and detection technology. While the Federal Reserve's free ScamClassifier system helps standardize fraud documentation and tracking, many banks remain unaware of or reluctant to adopt it due to the significant integration costs and legacy system modifications required. The article emphasizes that prioritizing fraud prevention in organizational budgets is essential to combating the growing sophistication and persistence of scam tactics.
patch.com
· 2025-12-08
San Ramon student Adya Gupta founded Impactt Kids, a volunteer-driven nonprofit that provides scam education training to seniors and caregivers to help them recognize and avoid phone and internet fraud. The initiative, inspired by Gupta's grandmother who frequently receives scam calls, has trained seniors at local living centers on identifying scam calls, phishing emails, and fraudulent IRS, Medicare, and lottery schemes, with participants reporting successful fraud prevention as a result. The program plans to expand by integrating AI-powered scam detection tools and establishing a hotline for seniors to verify suspicious calls.
wptv.com
· 2025-12-08
Weikai Zhang, 43, was arrested in New York and charged with running a computer pop-up scam that defrauded a Palm City senior citizen of $50,000, with additional victims losing $613,000 total while he was in Florida. Zhang, part of a larger criminal organization targeting elderly people, posed as tech support through fake Microsoft pop-ups, convincing victims their accounts were compromised and persuading them to withdraw cash and attempt Bitcoin conversions. He is being held on $700,000 bond and faces charges including organized fraud, exploitation of persons 65 and older, and conspiracy to commit grand theft.
forbes.com
· 2025-12-08
The Department of Justice recovered $8.2 million in Tether cryptocurrency stolen through romance baiting scams, including $663,352 from an Ohio woman who fell victim after responding to a wrong-number text in 2023. Romance baiting is a psychological manipulation scheme that builds false intimacy through casual conversation before introducing cryptocurrency investment opportunities with fake trading dashboards and fabricated returns, ultimately trapping victims unable to withdraw their funds. The article also references an 80-year-old Maryland retiree, Judith Boivin, who was targeted by scammers impersonating FBI agents using spoofed caller IDs and forged government communications to extract money under false pretenses of a
news.trendmicro.com
· 2025-12-08
**Trend Micro Research on Australian Scam Vulnerability**
A Trend Micro survey of 1,072 Australians revealed significant misconceptions increasing scam vulnerability, including beliefs that scams require oversharing (31%), are easily spotted by poor grammar (47%), or that extortion only occurs through explicit photo sharing (32%). Australians lost over $2 billion to online scams in the past year, with investment scams targeting a quarter of respondents, yet only 15% discussed scam response strategies with family and just 9% use verification phrases against impersonation scams. The research recommends staying wary of unsolicited communications, enabling two
digit.fyi
· 2025-12-08
Research from The Alan Turing Institute finds that romance fraudsters are increasingly using AI to create convincing fake personas, automate victim outreach, and refine psychological manipulation through deepfakes, generated audio/video, and language models that improve deceptive scripts. While human scammers still oversee AI-generated content, these tools significantly reduce the time and effort needed to target victims at scale, extracting millions from vulnerable individuals seeking genuine connection. The study notes that current defenses are not keeping pace with rapidly developing fraud techniques, though AI language models may eventually be leveraged to detect fraudulent messaging.
investopedia.com
· 2025-12-08
This educational article explains romance scams, which involve scammers creating fake dating profiles to build romantic relationships with victims—particularly older Americans—before requesting money for fabricated emergencies or opportunities. Older people are targeted because they typically have more savings, less familiarity with online scams, and may experience isolation, making them vulnerable to the emotional manipulation of promised romantic connections. The article provides guidance for adult children whose parents fall victim, including stopping communications, reporting to authorities and platforms, attempting to recover funds through banks and financial institutions, and protecting against identity theft.
thestar.com
· 2025-12-08
**Summary:**
Conservative Leader Pierre Poilievre announced a plan to protect older Canadians from fraud by imposing fines up to $5 million on banks and telecommunications companies that fail to implement real-time scam detection technology, mandatory reporting, and 24-hour holds on high-risk transactions for seniors. The proposal requires financial institutions to deploy latest anti-fraud tools including automatic flagging of suspicious activity and robocalls, along with mandatory reporting of fraud prevention statistics. This announcement comes as Poilievre trails among senior voters in polling.
nationalpost.com
· 2025-12-08
Conservative Leader Pierre Poilievre announced plans to introduce the "Stop Scamming Seniors Act," which would impose mandatory scam detection systems on banks and telecom companies, stricter sentences (one to five years depending on fraud amount), and fines up to $5 million for non-compliance. The legislation targets the growing sophistication of senior-targeted scams, particularly "grandparent" scams and AI-enabled voice impersonation fraud, with Canadian authorities reporting that victims lost $638 million to fraud in 2024, though only 5-10% of cases are reported.
conservative.ca
· 2025-12-08
This is a policy announcement rather than a news report of a scam incident. Conservative Leader Pierre Poilievre outlined a proposed plan to combat senior fraud in Canada, which would require banks and cell phone companies to implement mandatory scam detection systems, real-time blocking of suspicious transactions, and a 24-hour transaction delay for high-risk senior accounts. The proposal also includes enhanced criminal penalties for fraudsters (mandatory minimum sentences ranging from one to five years depending on fraud amount) and substantial fines for financial institutions that fail to implement adequate fraud prevention measures.
cbc.ca
· 2025-12-08
Conservative Leader Pierre Poilievre announced a proposed "Stop Scamming Seniors Act" that would require banks and telecommunications companies to detect, report, and block suspected fraud in real time, or face fines up to $5 million per violation and criminal charges. The plan addresses seniors as the primary targets of digital scammers using phishing, robocalls, and other tactics, and includes measures such as mandatory AI-powered fraud detection systems, 24-hour holds on high-risk senior transactions, and increased minimum prison sentences for fraud convictions (1-5 years depending on amount defrauded). Additionally, convicted fraudsters would be required to pay fines equal to ten times the amount they de
bnnbloomberg.ca
· 2025-12-08
Conservative Leader Pierre Poilievre announced a plan to protect older Canadians from fraud by requiring banks and telecoms to implement real-time scam detection technology, with fines up to $5 million for non-compliance, while criticizing the Liberal government for inaction on senior fraud prevention. The proposal includes mandatory suspicious activity flagging, automatic blocks on high-risk transactions, and required reporting of fraud prevention statistics. The announcement came as part of Poilievre's broader tough-on-crime campaign messaging.
cbc.ca
· 2025-12-08
Conservative Leader Pierre Poilievre announced a proposed "Stop Scamming Seniors Act" that would mandate banks and telecom companies to detect and block fraud in real time or face fines up to $5 million per violation and criminal charges. The plan targets seniors, identified as the primary victims of digital scammers using phishing texts and robocalls, and includes enhanced Criminal Code penalties (minimum 1-5 year sentences depending on fraud amount) and requirements for companies to implement AI-based fraud detection, 24-hour holds on high-risk senior transactions, and quarterly public reporting on fraud prevention metrics.
theglobeandmail.com
· 2025-12-08
**Summary:**
Conservative Leader Pierre Poilievre announced a proposed "Stop Scamming Seniors" act to combat fraud targeting seniors, including mandatory minimum jail sentences (1-5 years depending on fraud amount) and fines of 10 times the amount defrauded, along with penalties up to $5 million for banks and cellphone companies that fail to detect suspicious activity. The announcement highlighted recent scams including "grandparent scams" and fraud schemes involving impersonation of banks, with Canadian Anti-Fraud Centre data showing Canadians lost $638 million to fraud in 2024, though only 5-10 percent of incidents are reported.
ca.news.yahoo.com
· 2025-12-08
**Summary:**
Conservative Leader Pierre Poilievre announced plans to introduce the "Stop Scamming Seniors Act" to combat fraud targeting seniors, proposing stricter sentences (one-year minimum for fraud over $5,000, five years for over $1 million), fines up to $5 million for non-compliant companies, and mandatory scam detection systems for banks and telecom firms. The legislation addresses the growing sophistication of phone and digital scams, including AI-enabled voice replication schemes like the "grandparent" scam, with Canadian authorities reporting 34,621 fraud victims lost $638 million in 2024, though only 5-10% of victims
fedscoop.com
· 2025-12-08
A Government Accountability Office audit found that federal agencies lack a coordinated strategy to combat consumer scams, resulting in a fragmented approach across the FBI, FTC, CFPB, and other agencies with no uniform data collection, common definitions, or comprehensive loss estimates. The FBI reported approximately 589,400 scam complaints totaling over $10 billion in losses in 2023, with scammers increasingly exploiting peer-to-peer payment apps, bank transfers, and cryptocurrency. The GAO recommended establishing a governmentwide scam-fighting strategy led by the FBI director with formal coordination mechanisms, collaborative data collection, and performance metrics to address this growing threat.
cnet.com
· 2025-12-08
American consumers lost $470 million to text message scams in 2024, a 26% increase from 2023 and five-fold jump from 2020, according to FTC data. The most common scams involved package-delivery impersonation, fake job offers, fraudulent fraud alerts, and romance schemes, with criminals exploiting the difficulty of detecting scam links in text messages compared to emails. Consumers are advised to avoid clicking unsolicited links, use text filters, and report suspicious messages to their carriers and the FTC.
cbsnews.com
· 2025-12-08
Artificial intelligence is significantly increasing the sophistication and scale of online shopping scams, with Microsoft reporting it took down nearly 500 malicious domains last year and tracked a five-fold increase in criminal groups from 300 to 1,500. Scammers use generative AI to rapidly create fake websites, generate convincing product descriptions and images, and employ domain impersonation tactics—mimicking legitimate sites with single-letter changes—to deceive consumers. The article advises shoppers to verify URLs carefully, avoid pressure-tactic purchases, check for fake reviews, use credit cards for disputes, and rely on browser protections like Microsoft Edge's typo and domain impersonation detection tools.
cordcuttersnews.com
· 2025-12-08
AARP, Amazon, Google, and Walmart launched the National Elder Fraud Coordination Center (NEFCC), a public-private partnership designed to combat elder fraud through coordinated investigation, pattern identification, and prosecution of fraud rings targeting older Americans. The FTC estimated elder fraud cost older consumers $61.5 billion in 2023—approximately $117,000 per minute—with common scams including robocalls, tech support schemes, and deceptive location data collection. Led by former FBI Supervisory Special Agent Brady Finta, the NEFCC will share resources across sectors to help law enforcement agencies identify and shut down larger fraud operations while returning stolen assets to victims.
investopedia.com
· 2025-12-08
**Article:** "The Surprising Truth About the Age Group Most Likely to Fall for Financial Fraud"
Recent FTC data reveals that younger adults (ages 20-29) are losing money to scams at nearly twice the rate of older adults, with 44% experiencing financial losses compared to 24% of those aged 70-79. Younger adults are primarily targeted through online scams including fake shopping sites, cryptocurrency fraud, and social media job offers, with their "digital native" status and tendency toward impulsive decision-making making them particularly vulnerable despite overconfidence in their tech savviness. The study emphasizes that scammers exploit age-specific psychological factors and online
lexology.com
· 2025-12-08
In 2024, text message scams caused $470 million in reported losses to consumers—more than five times the 2020 amount—according to FTC data, with the top five scams being fake package delivery notices, phony job offers, fraudulent fraud alerts, bogus toll notifications, and "wrong number" romance/investment schemes. These scams employed tactics such as impersonating legitimate companies, stealing financial information through fake fees, and building fake relationships to manipulate victims into transferring money. The FTC recommends consumers avoid clicking links or responding to unsolicited texts and use blocking tools to prevent fraud.
thv11.com
· 2025-12-08
Scammers are increasingly using AI voice-cloning technology to create deepfakes that impersonate loved ones in emergency scams, asking victims to send money immediately. Consumer Reports found that four of six popular voice-cloning apps lacked meaningful consent protections, allowing users to clone voices without permission, and experts say these deepfakes are becoming difficult to distinguish from real audio. Protection measures include recognizing deepfake scams exist, enabling two-factor authentication on financial accounts, being suspicious of unsolicited requests for personal or financial information, and applying critical thinking before responding to unexpected calls or messages.
livebitcoinnews.com
· 2025-12-08
**Operation Avalanche:** U.S. Secret Service and Canadian authorities dismantled a $4.3 million Ethereum approval phishing scam through a collaborative investigation involving crypto platforms and blockchain analysis firms. The scam used deceptive tactics to trick users into signing malicious transactions that granted attackers access to their wallets; authorities identified compromised wallets, froze assets on trading platforms, and notified victims to revoke old approvals. Key prevention measures include verifying transaction links, using hardware wallets, checking wallet permissions regularly via Etherscan, and avoiding unsolicited messages promising high returns.
timesnownews.com
· 2025-12-08
A video editor from Dehradun, Himanshu Semwal, was scammed through a LinkedIn job posting that promised freelance work; after providing an edited sample video, the recruiter blocked and ghosted him without payment or feedback. The scammer likely intended to collect free edits from multiple editors and resell the work to actual clients. Semwal advised the freelancing community to verify recruiter profiles, avoid sending free samples without written agreements, trust their instincts, and watermark their work to prevent misuse.
wrbiradio.com
· 2025-12-08
Indiana State Police warned the public about text and email scams impersonating legitimate companies like PayPal, Geek Squad, and McAfee, where scammers attempt to trick recipients into calling back and divulging personal information or granting computer access. Sgt. Stephen Wheeles advises recipients of suspicious messages to verify the sender independently, research before responding, and look for red flags in supposedly legitimate communications.
cnn.com
· 2025-12-08
Over 60,000 complaints were filed with the FBI's Internet Crime Complaint Center about unpaid toll text scams, with scammers using location data and fake domains to impersonate state toll services and trick recipients into clicking malicious links. One Massachusetts resident received both legitimate and fraudulent toll texts, ultimately falling victim to confusion between the two and facing collection agency action before resolving the debt. The FBI advises people to avoid clicking links in unsolicited messages, verify company contact information independently, and recognize that legitimate toll agencies do not request payments via text.
pahouse.com
· 2025-12-08
State Rep. Leanne Krueger is hosting "Scam Jam," a free educational event on April 25, 2025, in Aston, Pennsylvania, where residents can learn fraud prevention from experts including the Pennsylvania Department of Banking and Securities, Delaware County District Attorney's Office, and AARP Pennsylvania. The two-hour seminar will cover recent elder abuse cases, common community scams, investment fraud, mail fraud, and check washing, with interactive games and resources to help attendees recognize and prevent scams targeting seniors and other residents.
dailyutahchronicle.com
· 2025-12-08
Phishing and email scams pose growing cybersecurity risks to college students, with scams becoming increasingly sophisticated and sometimes targeting students directly through fake payment links and malicious emails. University of Utah IT officials and students recommend strategies to reduce vulnerability, including avoiding suspicious links, using password managers with unique passwords, reviewing cookie policies, utilizing pop-up blockers, and reporting suspicious activity to IT support. The article emphasizes that even tech-savvy individuals can fall victim to phishing scams, highlighting the importance of vigilance and awareness when handling online communications and data collection.
fingerlakes1.com
· 2025-12-08
Scammers are exploiting confusion about federal stimulus programs by sending fake IRS texts, emails, and creating fraudulent websites claiming to offer early access to stimulus checks, primarily targeting low-income families and seniors. These scams use urgency tactics and request personal information like Social Security numbers and bank details, though the IRS clarifies it will never contact people via email, text, or social media about stimulus money and legitimate updates only appear on IRS.gov. Recipients should avoid clicking links, report suspicious messages to the IRS and FTC, and monitor their credit if they've already shared information.
nltimes.nl
· 2025-12-08
Bank helpdesk fraud in the Netherlands declined significantly in 2024, with reported victims dropping 30% to approximately 6,900 people and total losses falling 20% to €23 million. Despite this improvement, the Dutch Banking Association warned that scammers continue evolving their tactics—including coaching victims to ignore legitimate bank warnings and exploiting social media platforms—and stressed the need for ongoing consumer vigilance and stronger identity verification measures by digital service providers.
10tv.com
· 2025-12-08
As artificial intelligence advances, scams targeting seniors have become increasingly sophisticated, with Americans aged 60 and older losing $3.4 billion to fraud in 2023. Attorney Carlos Crawford led a free cybersecurity training at a Columbus community center to educate seniors on recognizing common scams including phishing, tech support fraud, fake charities, and romance scams, advising them to watch for red flags like misspelled emails, suspicious sender addresses, and unusual payment requests (cash, cryptocurrency, gift cards). Experts recommend trusting instincts when something feels off and consulting trusted contacts before responding to suspicious communications.
birminghammail.co.uk
· 2025-12-08
Barclays warned of a significant rise in romance scams, with the average victim losing £8,000 in 2024—a 37% increase from £5,800 in 2023—and romance scam incidents up 20% in Q1 2025 compared to the previous year. Most scams originated on social media platforms and dating apps, where fraudsters build trust with vulnerable victims (often those feeling lonely) before manipulating them into transferring money. Barclays called for tech companies to implement stronger protections, with 76% of the public agreeing that platforms should do more to prevent romance scams.
leeds-live.co.uk
· 2025-12-08
Barclays reported a 20% surge in romance scams during the first quarter of 2025 compared to 2024, with victims losing an average of £8,000—up from £5,800 in 2023. These scams predominantly originate from social media and dating platforms, where fraudsters exploit emotional vulnerability to manipulate victims into transferring money. Barclays and 76% of surveyed consumers are calling for tech companies to implement stronger safeguards to prevent scammers from operating on their platforms.
pymnts.com
· 2025-12-08
Fraudsters are increasingly using AI to conduct scams, which cost over $1 trillion globally last year, with more than 50% of consumers reporting at least weekly scam encounters. Mastercard and Feedzai partnered to deploy a Consumer Fraud Risk solution that detects and prevents scams in real time, reducing authorized push payment scams by over 12% in the U.K. since 2023, while financial institutions are adopting AI and machine learning technologies (now used by 71% of FIs) to identify fraudulent transactions before completion.
peoplemattersglobal.com
· 2025-12-08
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home.barclays
· 2025-12-08
Romance scam reports in the UK rose 20 percent in the first quarter of 2025 compared to the same period in 2024, with victims losing an average of £8,000 in 2024, escalating to £19,000 for those aged 61 and over. One in ten UK adults have been targeted by or know someone affected by romance scams, which typically involve fraudsters building trust through fake romantic relationships on social media and dating platforms before requesting money for fake emergencies, travel, or medical expenses. The data shows men comprised 60 percent of romance scam reports, and three-quarters of consumers believe tech companies should implement stronger protections to prevent these scams
thenigerianvoice.com
· 2025-12-08
Many Nigerians lost over N1.3 trillion in the collapsed CBEX Ponzi scheme due to insufficient education about scam detection and fraud prevention, according to internet safety expert Rotimi Onadipe. Onadipe emphasized that scammers use increasingly sophisticated tactics to deceive victims, and stressed that proper fraud awareness education is the strongest defense against such schemes. He noted that the financial losses could have been prevented through better public understanding of how to identify and avoid fraudulent investment platforms.
kbtx.com
· 2025-12-08
A Bankrate survey found that 68% of Americans have experienced financial scams in their lifetimes, with over half reporting incidents in the past year, and 23% admitting to sending money to scammers or paying for phony services. Contrary to assumptions, younger generations (Gen Z and Millennials) are more likely to lose money to increasingly sophisticated scams, while older generations report experiencing scams more frequently overall. The survey recommends avoiding unrecognized email and text links, confirming URLs before clicking, using strong passwords, and reporting suspected fraud to the FTC.