08/22/2025
The Federal Trade Commission (FTC) Warns of Surge in Impersonation Scams Targeting Older Adults.
A new FTC report reveals a more than fourfold increase in impersonation scams since 2020, with older adults being disproportionately affected. In 2024 alone, losses of over $100,000 per victim jumped from $55 million to $445 million.
Scammers often pose as trusted entities—like banks, tech companies or even government agencies—to trick victims into transferring money under false pretenses.
The FTC urges consumers to never move money to “protect it," and to verify suspicious contacts independently.
New analysis from the Federal Trade Commission shows a more than four-fold increase since 2020 in reports from older adults who say they lost $10,000 or more—sometimes their entire life savings—to
