Tag: imposter scam
COVID and technological advances have created a perfect storm of fraud against older Americans. Between 2019 and 2023, the number of fraud cases reported to the Federal Trade Commission more than doubled to 2.6 million. But the losses from these scams tripled to $10 billion, indicating the scammers are becoming more effective. “Today’s scams ar…
The old and the young are most susceptible to scammers using fake identities to extract money from their victims. People in their 50s who went to college are in the sweet spot and are much better at resisting them. The question is how to prevent the vulnerable from falling prey to imposter scams, which account…