Search

Explore the Archive

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

3,332 results in Tech Support Scam
digit.fyi · 2025-12-08
Cyber gangs based in Southeast Asia and China conducted investment, cryptocurrency, and romance scams that cost eastern and southeastern Asian countries approximately $37 billion in 2023, with significantly higher global losses. These organized crime syndicates, often operating from compounds in Myanmar, Cambodia, and Laos using trafficked workers, have expanded their operations to Africa and the Pacific while partnering with drug cartels and criminal organizations worldwide. Despite regional crackdowns that freed thousands of workers, law enforcement efforts have only displaced rather than dismantled these networks, which continue to exploit evolving technologies like cryptocurrency for money laundering and victim targeting.
express.co.uk · 2025-12-08
Barclays Bank reported a 20% increase in romance scams in early 2025, primarily occurring on social media and dating platforms, with the average loss rising to £8,000 per victim in 2024 (up from £5,800 in 2023). Adults aged 61 and over are most vulnerable, losing an average of £19,000 per scam, with scammers typically building trust before requesting money under false pretenses such as emergencies, travel costs, or medical bills. The data shows 12% of UK adults have been targeted by or know someone affected by romance scams, and Barclays is calling for tech companies to implement stronger frau
globalinitiative.net · 2025-12-08
This article discusses the growing threat of online fraud and cybercrime involving India and the United States, highlighting how scammers exploit weak data security and leverage generative AI. India serves as both a hub for scam operations targeting Western victims through fake tech support and loan schemes, and increasingly, a source of victims itself, with Indian nationals being trafficked to scam compounds in Cambodia and exploited to defraud others. The article calls for the US and India to strengthen cooperation against these transnational fraud networks, particularly regarding data breaches—such as the 2023 theft of 815 million Indian citizens' personal information—that provide scammers with the databases they need to target vulnerable populations
people.com · 2025-12-08
JPMorgan Chase is pursuing additional lawsuits against customers who exploited an "infinite money glitch" discovered in August 2024, which allowed users to deposit fraudulent checks via ATM and withdraw funds before the checks bounced. The bank has filed suits in Georgia, Florida, New York, and Texas against individuals accused of stealing amounts up to $75,000 each, and has sent demand letters to over 1,000 customers since October 2024, with a representative stating the bank will pursue cases "for as long as it takes to hold fraudsters accountable."
wwnytv.com · 2025-12-08
A Bankrate survey found that 68% of Americans have experienced a financial scam in their lifetimes, with over half reporting incidents in the past year and 23% admitting to actually sending money to scammers. While older generations report experiencing scams more frequently, younger generations (Gen Z and Millennials) are more likely to lose money to increasingly sophisticated cons. To protect themselves, Americans should avoid clicking unrecognized links, verify URLs before clicking, use strong passwords, and maintain unique passwords for each account; victims or those suspecting fraud should report to the FTC.
fox10tv.com · 2025-12-08
A Bankrate survey found that 68% of Americans have experienced financial scams, with over half reporting incidents in the past year and 23% admitting to sending money to scammers. While older generations are more likely to report experiencing scams overall, younger generations (Gen Z and Millennials) are more likely to lose money to increasingly sophisticated cons that exploit economic stress and technological vulnerabilities. The FTC recommends avoiding unrecognized links, confirming URLs before clicking, using strong passwords, and reporting suspected fraud to the FTC.
sjcda.org · 2025-12-08
Tech support scams use fake pop-up warnings impersonating companies like Microsoft and Apple to trick users into calling scammers, who then falsely claim the device is infected and demand payment for bogus services. Legitimate security warnings from real tech companies never ask you to call a phone number; instead, users should ignore pop-ups, manually update security software, and contact tech support only through official company websites or trusted in-person retailers. The FTC recommends reporting suspected scams at ReportFraud.ftc.gov and sharing information about these scams with others as a prevention tool.
wilx.com · 2025-12-08
A Bankrate survey found that 68% of Americans have experienced financial scams, with over half occurring in the past year and 23% admitting to sending money to scammers. While older generations report experiencing scams most frequently, younger generations (Gen Z and Millennials) are more likely to lose money due to increasingly sophisticated cons. The article recommends protecting oneself by avoiding unrecognized links, verifying URLs before clicking, using strong passwords, and reporting suspected scams to the FTC.
news.asu.edu · 2025-12-08
This article reports on a US-ASEAN Center business leader series discussion on cybersecurity and public-private sector collaboration to address escalating cyber threats in Southeast Asia. Speakers from government and private sector highlighted the need for regulatory frameworks (such as Singapore's Shared Responsibility Framework to combat digital fraud and scams), balanced integration of AI tools with human expertise, and a whole-of-society approach to building secure digital infrastructure. The discussion emphasized that cybersecurity is integral to national and economic security across the region.
linknky.com · 2025-12-08
A 69-year-old Philadelphia woman nearly fell victim to a sophisticated tech support scam in which fraudsters, posing as Norton antivirus support and her bank's fraud department, pressured her to withdraw cash and purchase cryptocurrency by falsely claiming hackers had downloaded illegal content to her computer and stolen $18,000. The scammer used emotional manipulation, urgency, and knowledge of her banking details to convince her, but she avoided the scheme after recalling a friend who lost $800,000 to a similar scam. Financial scams cost Americans between $23.7 billion and $158.3 billion in 2023-2024, with AI, dark web data access, an
success.com · 2025-12-08
Smishing (text-based phishing) attacks cost Americans $470 million in reported losses in 2024, more than five times the 2020 total, with the actual amount likely much higher due to underreporting. The article identifies three trending scams in 2025: fake unpaid toll notices (particularly targeting metropolitan areas), package delivery issues and "brushing scams" using QR codes, and fake job opportunities (losses increased from $90 million in 2020 to $501 million by 2024). Key prevention strategies include never clicking links or responding to unexpected texts, verifying alerts directly through official websites, and reporting suspicious messages to your phone provider an
wptv.com · 2025-12-08
John Klingel lost $38,000 to a cryptocurrency scam after receiving a fake pop-up from a spoofed cybersecurity company; scammers then called claiming a fraudulent loan had been taken in his name and pressured him to deposit cash into Bitcoin Teller Machines. The scheme exploited emotional manipulation and may have relied on a security breach at his legitimate company to appear credible, with law enforcement noting that once funds are converted to bitcoin, recovery is nearly impossible. Palm Beach County authorities report increasing incidents of these pop-up and bitcoin scams in the region, which has over 970 bitcoin ATMs across the two counties.
unite.ai · 2025-12-08
AI vishing scams—which use voice cloning and deepfake technology to impersonate trusted individuals—have become increasingly sophisticated and effective, with losses to Americans rising 23% from 2023 to 2024. Recent high-profile attacks include scammers impersonating Italy's Defense Minister to target business leaders like Giorgio Armani (resulting in one $200,000+ loss), hotel staff targeted during peak hours, and elderly individuals tricked out of approximately $200,000 by voices mimicking family members. The proliferation of AI Vishing-as-a-Service platforms like PlugValley has enabled attackers to launch these convincing, automated attacks at scale with custom
sequimgazette.com · 2025-12-08
Two brothers were sentenced for stealing over $435,000 from a Washington homeowner in a contractor fraud scheme targeting elderly homeowners across the country. Beginning in January 2024, they falsely claimed the victim needed urgent roof and foundation repairs, pressuring him to write checks totaling thousands of dollars while performing minimal or fake work, including demanding $200,000 for non-existent building supplies. The victim expressed profound feelings of shame and betrayal, which experts note are common among fraud victims, while federal agencies provide red flags such as door-to-door solicitation, pressure for immediate payment in cash, and aggressive sales tactics to help seniors avoid similar scams.
goodmorningamerica.com · 2025-12-08
Seniors lost $4.8 billion to scammers in 2024, part of a total $16.6 billion in U.S. fraud losses that year—a 33% increase from 2023. Investment scams were the most costly fraud type, resulting in nearly $6 billion in losses, followed by business email compromise scams ($2 billion) and technology support scams ($1 billion). The FBI received 836,000 cyber fraud reports annually and noted that actual losses likely exceed reported figures due to victim underreporting.
independent.co.uk · 2025-12-08
Seniors lost nearly $4.8 billion to scams in 2024, representing a significant portion of the $16.6 billion in total fraud losses reported by the FBI—a 33% increase from 2023. The most common scams targeting older Americans included business email compromise ($2 billion), technology support scams ($1 billion), and investment fraud ($6 billion), with victims aged 60 and above making up the majority of complaints. Texas, California, and Florida reported the highest losses, though the FBI notes actual figures may be higher due to underreporting by victims.
gottheimer.house.gov · 2025-12-08
U.S. Congressman Josh Gottheimer introduced bipartisan legislation called the GUARD Act to combat financial fraud and "pig butchering" scams targeting older Americans by providing state and local law enforcement with federal grant funding and blockchain tracing tools. "Pig butchering" scams involve fraudsters convincing retirees to invest in fake opportunities, with victims over 70 suffering median losses of $9,000 compared to $2,400 for all age groups, and these scams causing over $1 billion in losses in 2022 alone. The bill is supported by multiple organizations including AARP and law enforcement associations.
vice.com · 2025-12-08
In 2024, seniors aged 60+ lost nearly $5 billion to online scams, filing 147,127 complaints representing a 46 percent increase in complaints and 43 percent increase in losses compared to 2023, according to the FBI's Internet Crime Report. The elderly were most commonly victimized by investment scams, tech support fraud, and romance scams, with an average loss of $83,000 per person, while cryptocurrency fraud also surged with seniors losing over $2.8 billion to such schemes. Overall, Americans reported over $16 billion in online fraud losses across 859,532 complaints in 2024, a 33 percent increase from
infosecurity-magazine.com · 2025-12-08
Romance scam reports in the UK rose 20% year-over-year in Q1 2025, with victims losing an average of £8,000 in 2024, increasing to £19,000 for those aged 61 and over, indicating fraudsters are specifically targeting older adults. Scammers primarily operate through dating apps and social media, typically requesting money within a month of contact by fabricating emergencies, travel costs, or medical expenses. Experts recommend that tech companies and banks implement stronger verification controls and behavioral monitoring to detect and prevent romance scams before significant losses occur.
fox5dc.com · 2025-12-08
D.C. Attorney General Brian Schwalb issued a consumer alert warning of deepfake telemarketing scams targeting District residents, particularly seniors, which use artificial intelligence to create fake audio or video of loved ones requesting money for emergencies. Scammers easily obtain audio samples from voicemails or social media to create convincing "cheap fakes" that are simple to produce using low-cost tools. The AG recommends protecting yourself by refusing to share personal information, hanging up and calling back using verified numbers, disclosing requests to trusted contacts, denying remote access to devices, and staying informed about evolving scam tactics.
abcnews.go.com · 2025-12-08
Seniors lost $4.8 billion to scammers in 2024, contributing to a total of $16.6 billion in losses across all age groups in the United States—a 33% increase from 2023, according to the FBI's annual internet crime report. Investment scams were the most prevalent fraud type, with 47,919 complaints and $6 billion in losses, followed by business email compromise scams ($2 billion) and technology support scams ($1 billion). The FBI received an average of 836,000 cyber fraud reports annually, with California, Texas, and Florida experiencing the highest losses.
cbsnews.com · 2025-12-08
In 2024, scammers stole a record $16.6 billion from over 250,000 victims, representing a 33% increase from 2023, with an average loss of $19,000 per victim. People over 60 filed the most complaints (147,000) and suffered the greatest losses at $4.8 billion (average of $83,000 per person), while investment scams ($6.5 billion), compromised business emails ($2.7 billion), and tech support scams ($1.4 billion) were the leading fraud types. The FBI notes that cryptocurrency was the most common payment method used by scammers, and reporte
nbcnews.com · 2025-12-08
Cybercriminals stole a record $16.6 billion in 2024, according to the FBI's Internet Crime Complaint Center, a 33% increase from $12.5 billion in 2023. People age 60 and older were the biggest victims, losing $4.8 billion total, with $2.8 billion involving cryptocurrency and $1.8 billion lost to investment scams including "pig butchering" schemes where criminals pose as romantic partners to convince victims to invest in fake cryptocurrency ventures. The report, based on 859,532 complaints filed, is considered an undercount of actual cybercrime losses.
abcnews4.com · 2025-12-08
South Carolina seniors suffered disproportionately in 2024 cybercrime, with 2,295 victims over age 60 losing over $58.5 million—more than a third of the state's total $146 million in reported internet crime losses. The most costly scams targeting seniors were tech support scams, government impersonation schemes, and investment fraud, each accounting for nearly $10 million in losses, while confidence/romance scams cost seniors almost $3 million. The FBI's 2024 Internet Crime Report documented a 33% nationwide increase in cybercrime losses to over $16 billion, with extortion, phishing, and personal data breaches
the-independent.com · 2025-12-08
Seniors aged 60 and older lost nearly $4.8 billion to scams in 2024, according to an FBI report, with major fraud types including business email compromise scams ($2 billion), technology support scams ($1 billion), and investment fraud ($6 billion across all ages). Americans overall lost $16.6 billion from scams in 2024—a 33 percent increase from 2023—with Texas, California, and Florida experiencing the highest losses, though the FBI notes actual figures may be higher due to underreporting by victims.
wwltv.com · 2025-12-08
FBI data reveals that scammers stole over $16.6 billion in 2023, a 33% increase despite heightened public awareness, with victims losing an average of $19,000 each. Adults over 60 were disproportionately targeted, filing the most complaints and losing the most money at $4.8 billion total (averaging $80,000 per victim), with investment scams, romance scams, and tech support scams being the leading fraud types.
americanbazaaronline.com · 2025-12-08
Online scammers stole a record $16.6 billion in 2024, a 33% increase from $12.5 billion in 2023, according to the FBI's Internet Crime Complaint Center, with 859,532 total complaints filed and elderly victims representing over 147,000 complaints. Investment scams caused the largest losses at $6.5 billion, followed by business email compromise at $2.7 billion and tech support scams at $1.4 billion, while phishing remained the most commonly reported cybercrime. The figures represent only reported cases and underscore how the digitalization of daily life has expanded criminal opportunities since 2020.
ibtimes.com · 2025-12-08
Elderly Americans aged over 60 suffered the largest cryptocurrency scam losses in 2024, accounting for over $2.8 billion of the $9.3 billion in total crypto fraud losses reported by the FBI's Internet Crime Complaint Center. Scammers disproportionately target seniors through investment scams, fraudulent crypto ATMs, and tech-support schemes, exploiting their vulnerabilities by creating artificial urgency around false security threats. The 2024 losses represented a 66% increase compared to 2023, with elderly victims being three times more likely to be scammed than younger demographics.
aol.com · 2025-12-08
Seniors lost nearly $4.8 billion to scams in 2024, according to an FBI report, with major fraud types including business email compromise scams ($2 billion), technology support scams ($1 billion), and investment fraud ($6 billion across all ages). Americans aged 60 and above comprised the majority of victims, though those aged 50-59 also suffered significant losses of $2.5 billion, and the FBI notes actual losses may be higher due to underreporting.
abc7.com · 2025-12-08
In 2024, seniors lost $4.8 billion to scammers, part of a total $16.6 billion in U.S. fraud losses representing a 33% increase from 2023, according to an FBI report. Investment scams were the leading fraud type affecting seniors, with $6 billion lost across 47,919 complaints, followed by business email compromise scams ($2 billion) and technology support scams ($1 billion). The FBI noted these figures likely underrepresent actual losses due to victim underreporting and emphasized that each number represents a real person whose financial security and trust were compromised.
doralfamilyjournal.com · 2025-12-08
The FBI's 2024 Internet Crime Complaint Center report documented a 33% increase in online scams, with 859,532 complaints totaling over $16 billion in losses. Adults over 60 were hit hardest, filing 147,000 complaints and losing $4.8 billion (43% increase from 2023), with investment scams being the leading fraud type at $6.5 billion in losses overall, followed by compromised business emails, tech support scams, and romance scams.
cybersecuritydive.com · 2025-12-08
The FBI's 2024 Internet Crime Complaint Center report found that Americans lost $16.6 billion to cyber fraud and internet crimes, a 33% increase from 2023, with investment scams causing the most financial damage at $6.6 billion despite being only the fifth most commonly reported crime type. Phishing, spoofing, and extortion generated the most complaints, while business email compromise (BEC) and other persuasion-based scams proved most costly, indicating that social engineering exploits cause greater financial harm than technical vulnerabilities.
verywellmind.com · 2025-12-08
This educational guide explores the intersection of fraud and mental health, examining how the prevalence of scams—which cost Americans over $12 billion in 2024—creates psychological stress and constant vigilance in daily life. The article discusses how exposure to fraud, whether direct or indirect, can lead to anxiety, distrust, and destabilizing uncertainty, particularly as scammers increasingly use deceptive text messages, emails, and phone calls to target victims through romance scams, impersonation schemes, and fake job offers. The piece emphasizes the importance of protecting one's digital identity and provides strategies for managing the mental health impacts of living in an environment where fraudulent threats are pervasive and often difficult to distinguish
home.barclays · 2025-12-08
Romance scams increased 20 percent in Q1 2025 compared to Q1 2024, with the majority originating on social media and dating platforms. Victims aged 61 or older were particularly vulnerable, losing an average of £19,000 per scam in 2024, more than triple the overall average of £8,000. Scammers typically build trust quickly before requesting money through fake emergencies, travel costs, or medical expenses, often using emotional manipulation and artificial intelligence to impersonate celebrities or create false urgency.
wired.com · 2025-12-08
Google launched a new end-to-end encrypted email tool for business users in April, designed to simplify secure email communication across platforms including non-Gmail users. However, email security researchers warn that scammers will likely exploit the unfamiliar invitation workflow by creating fake copies with malicious links to steal login credentials, particularly targeting non-Gmail recipients who may not recognize legitimate invitation formats.
6abc.com · 2025-12-08
In 2024, seniors lost $4.8 billion to scams, part of a total $16.6 billion in fraud losses across the United States—a 33% increase from 2023. The FBI identified investment scams as a major threat, resulting in nearly $6 billion in losses, alongside business email compromise scams ($2 billion) and technology support scams (over $1 billion). Officials noted that actual losses may be higher due to underreporting from embarrassed victims.
wtop.com · 2025-12-08
Prince George's County police reported approximately $1 million in scams from county residents in a single year, with recent arrests including a case where a victim lost $700,000 and another who lost $40,000 after being deceived by pop-up warnings and impersonators claiming to be from Microsoft, banks, and federal agencies. The scammers used phony employee numbers and convincing rhetoric to build trust, isolating victims by instructing them not to discuss the situation or search for information about scams. Police advise victims to recognize red flags—unsolicited requests for money, passwords, or personal information, and manufactured urgency—and to verify claims by contacting banks directly or calling law
abccolumbia.com · 2025-12-08
South Carolina seniors over 60 were disproportionately targeted by cybercriminals in 2024, with 2,295 victims losing over $58.5 million according to the FBI's Internet Crime Report—accounting for more than a third of the state's total $146 million in reported cyber losses. The most costly scams targeting seniors included tech support scams, government impersonation schemes, and investment fraud, each resulting in nearly $10 million in losses, while confidence/romance scams accounted for approximately $3 million. Business email compromises and investment fraud were among the most prevalent cyber crimes statewide, with losses totaling $40.8 million and $
washingtontimes.com · 2025-12-08
Americans ages 60 and older lost $4.9 billion to fraud scams in 2024, representing a 43% increase from the previous year, according to the FBI's 2024 Internet Crime Report based on 147,127 complaints. Phishing scams were the most common type of fraud targeting seniors, while investment scams proved the costliest at $1.8 billion in losses; cryptocurrency was used in $2.8 billion of fraudulent transactions, with victims averaging $83,000 in losses.
rnz.co.nz · 2025-12-08
New Zealand's Banking Association updated its code of practice requiring banks to implement pre-transaction warnings, 24/7 reporting channels, and name-verification services, with potential reimbursement up to $500,000 for inadequately protected scam victims. Consumer advocate Janine Starks criticized the changes as insufficient compared to UK protections, citing concerns about inconsistent bank implementation and a clause denying protection after three scams, while the Banking Ombudsman received 949 cases last year with average losses of $80,000. The new measures take effect at the end of November across 13 retail banks.
mustsharenews.com · 2025-12-08
A 20-year-old Singaporean TikToker was scammed out of approximately $5,000 (S$4,977) by someone impersonating her boss via phone call, exploiting her role as a personal assistant who regularly handled money transfers. Despite lodging a police report within 20 minutes, she has little chance of recovery as banks cannot force scammers to return funds without their approval. The case highlights the rising trend of impersonation scams in Singapore, where S$7.2 million was lost to such scams in just the first two months of the year.
fortune.com · 2025-12-08
In 2011, a criminal gang hacked a Middle Eastern bank and used counterfeit debit cards to steal millions from ATMs worldwide, exemplifying card-based fraud that has become harder to execute due to advanced detection systems like Mastercard's Safety Net tool, which blocked $14.7 million in fraudulent transactions in 2023 alone. As card fraud has declined through AI-powered detection and data analysis, criminals have shifted tactics toward social engineering scams—including romance and investment fraud—which exploit emotional trust and are difficult to prevent, though tracking suspicious account transfer patterns offers some defensive opportunities. The ongoing evolution of fraud tactics demonstrates a persistent cat-and-mouse dynamic between scammers and financial
largsandmillportnews.com · 2025-12-08
Romance scams increased 20% year-on-year in Q1 2025, with victims losing an average of £8,000 and those aged 61+ losing up to £19,000. Barclays warns that scammers primarily operate through social media and dating apps, manipulating victims into sending money by building trust and creating emotional scenarios like medical emergencies or travel costs. The bank emphasizes that victims should report scams to their bank and seek support from family and friends, and calls on tech companies to take greater action in preventing scammers from operating on their platforms.
ktbs.com · 2025-12-08
In 2024, over 859,000 Americans reported internet scams to the FBI's Internet Crime Complaint Center, 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+ lost $2.5 billion, with tech support scams being particularly devastating for this group at nearly $1 billion. The report emphasizes that awareness and caution—avoiding suspicious links, refusing remote access requests, and verifying urgent requests—are essential defenses against these schemes.
broadbandbreakfast.com · 2025-12-08
As broadband adoption among adults 65+ reaches 90%, older adults with significant wealth holdings are increasingly targeted by scammers exploiting online platforms. In 2024, the FTC reported $12.5 billion in consumer losses to scams and fraud nationally, with global losses exceeding $1 trillion, making fund recovery nearly impossible due to money laundering complexities. The article advises older adults to pause before responding to unsolicited communications, verify requests by contacting relatives directly, and avoid "too good to be true" offers, particularly fake employment and quick-cash schemes, while recognizing that scammers now use spoofing, phishing, and AI-generated voice/video imp
cryptopolitan.com · 2025-12-08
Americans aged 60 and above lost $4.8 billion to cybercrime in 2024, a 43% increase year-over-year, with 7,500 seniors losing $100,000 or more each—more than any other age group, according to the FBI's Internet Crime Report. Seniors are particularly vulnerable due to limited digital literacy, isolation, substantial savings, and advanced, personalized scams; cryptocurrency investment schemes ("pig butchering") alone accounted for $2.8 billion in losses. The article argues that existing U.S. regulations fail to address digital threats adequately, unlike European programs, and calls for systemic reform including real-time fraud detection
thedailyrecord.com · 2025-12-08
A 75-year-old Maryland resident sued Athena Bitcoin and Genesis Coin in February 2024, alleging the companies knowingly facilitate elder financial abuse by placing ATMs in senior-heavy neighborhoods, charging high fees, and failing to implement fraud-prevention measures. Reynolds lost $13,000 in a tech support scam where she was directed to deposit cash via an Athena ATM using a scammer's QR code. The lawsuit seeks class-action status for Maryland seniors and cites FTC data showing consumers lost over $110 million to Bitcoin ATM scams in 2023, a nearly tenfold increase since 2020.
cyberscoop.com · 2025-12-08
The bipartisan GUARD Act proposes to equip federal, state, local, and tribal law enforcement with federal grant funding and advanced technological tools—including blockchain tracing capabilities—to investigate financial fraud schemes targeting elderly Americans. The legislation responds to a 46% surge in financial fraud complaints from people over 60 in 2024, which resulted in over $4.8 billion in losses, with particular concern about emerging scams like pig butchering and SMS phishing targeting toll road violations.
6abc.com · 2025-12-08
Scammers are increasingly using AI voice-cloning technology to impersonate loved ones in emergency scams, with deepfakes becoming so advanced that even experts struggle to detect them. A Consumer Reports investigation found that four of six popular voice cloning apps lack meaningful safeguards to prevent unauthorized voice replication, and no federal laws currently prohibit this practice. Experts recommend protecting yourself by enabling two-factor authentication on financial accounts, being skeptical of unexpected calls or messages requesting personal information, and maintaining healthy skepticism of anything heard online.
nypost.com · 2025-12-08
Cyber scams cost Americans $16 billion in 2024, a 33% increase from the previous year, with California suffering the largest losses at $2.5 billion, according to FBI data. Elderly people accounted for nearly 30% of total monetary losses, with phishing/spoofing being the most common scam type at approximately 193,000 complaints. The FBI recommends verifying sender information, using strong passwords, avoiding wire transfers and gift card payments, and researching businesses before sharing personal or financial information online.