The 'scam economy' keeps growing, as fraudsters steal money through wire transfers, gift cards, payment apps and cryptocurrency.

Older Americans are losing more money than ever to scams, according to a new Federal Trade Commission report to Congress, with losses climbing sharply over the past four years. The FTC’s 2024–2025 ...

FTC: $15.9B lost to scams in 2025. Investment and social-media scams top the list — report fraud at ReportFraud.ftc.gov.

Scammers are draining seniors’ life savings at staggering rates, a new Federal Trade Commission report shows, with older Americans reporting about four times more in fraud losses in 2024 than in 2020.

Fraud losses reported by people 60 and older climbed to nearly $2.4 billion in 2024, quadrupling since 2020 Investment scams—often tied to social media pitches—drove the biggest losses, while phone ...

Identity theft linked to major data broker breaches has cost Americans more than $20 billion over the past decade, according to a U.S. Senate report.