The Rise of Financial Fraud

Kimberly Blanton

IB#12-5

The brief’s key findings are:

  • Financial fraud complaints by consumers have surged over the past decade, fueled by the rise of Internet-based scams.
  • This trend will likely continue as scammers target aging baby boomers, who have substantial assets and face cognitive decline.
  • Consumers can help protect themselves by recognizing standard fraud strategies and the disguises used by scammers.