Overview

• The FTC received 8,269 reports from seniors losing at least $10,000 in 2024, a 362% increase since 2020.
• Losses of $100,000 or more among older Americans surged to $445 million last year, up from $55 million in 2020.
• Fraud in the $10,000–$100,000 range reached $214 million for seniors in 2024, rising from $48 million in 2020.
• Scammers posing as banks, tech firms and government agencies fabricate urgent crises to trick victims into transferring funds.
• FBI data show internet crime losses among all Americans hit $4.9 billion in 2024, up 43% from 2023, and warn that many senior scams go unreported.