FTC Data Show a More Than Four-Fold Increase in Reports of Impersonation Scammers Stealing Tens and Even Hundreds of Thousands from Older Adults

News Competition Reports

Date: 7th Aug, 2025 Source: Federal Trade Commission Country: USA Original Source

Brief

"On July 8, 2025, the Federal Trade Commission issued an update regarding FTC Data Show a More Than Four-Fold Increase in Reports of Impersonation Scammers Stealing Tens and Even Hundreds of Thousands from Older Adults". The update shows a significant rise in reported losses to these scams among older adults since 2020, with combined losses exceeding $445 million in 2024, up from $55 million in 2020.

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Federal Trade Commission

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FTC Data Show a More Than Four-Fold Increase in Reports of Impersonation Scammers Stealing Tens and Even Hundreds of Thousands from Older Adults

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FTC Data Show a More Than Four-Fold Increase in Reports of Impersonation Scammers Stealing Tens and Even Hundreds of Thousands from Older Adults

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Federal Trade Commission

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