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Many of the latest scams in 2024 are twists on existing scams. Here's what to look out for and steps you can take to protect yourself from scams.
Imposter scams remained the top fraud category, with reported losses of $2.7 billion. These scams include people pretending to be your bank’s fraud department, the government, a relative in distress, a well-known business, or a technical support expert.
The latest types of scams can happen via phone calls, text messages, emails, social media, or even in person. Learn to recognize the warning signs so that you can keep yourself and your family safe from fraudsters.
Scammers are constantly evolving to take your money. Read our list of the latest scams going around to find out how you can protect yourself.
Email phishing and deep fake videos are among the advanced AIs used to scam people, according to Proxyrack fraud analyst Ariana Bago.
The latest FTC data book says people reported losing $8.8 billion to scams. That’s $2.6 billion more than 2021. Except the number of reports are down by half a million (2022: 2.4 million reports. 2021: 2.9 million reports).
Gift cards were the top reported payment method on several types of scams in 2023, including romance scams, tech support scams, government impersonation scams, and scams that impersonate people you know, like your boss or a grandchild.
Check out this year’s report for new scam and fraud trends, FTC cases and rulemakings that impacted older adults, and updates on Pass It On and other outreach programs. What else is new? This year’s report also highlights work from the Scams Against Older Adults Advisory Group, which the FTC formed in 2022 as part of the Stop Senior Scams Act.
Investment scams lead in reported losses at more than $4.6 billion. Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark.
1. Hijacked holiday bookings. Weak hotel email and booking systems are being targeted by hackers to send troublingly plausible messages to holidaymakers. Once they’ve gained access to the systems of hotels and B&Bs, they’re armed with guests’ contact and booking details, and can send fake messages, texts or emails.