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Last year, consumers of all ages were scammed out of $8.8 billion. And older adults lost the most money compared to other age groups, according to the Federal Trade Commission.
This summer, Daniel Goldstein’s 86-year-old mom got an email that looked like it was from her bank. Instead, she lost $600 to a scammer. While everyone wants to protect their parents and grandparents from scammers, sometimes these conversations can be complicated to navigate.
With the help of technology, scammers are tricking Americans out of more money than ever before. But there are steps you can take to keep your money and information safe.
Scammers are employing AI to create deeply persuasive FaceTimes, phone calls, and emails to unsuspecting victims.
Across the country, grandparents are getting frantic telephone calls — and in some instances brazen knocks on the door — alerting them that a grandchild has been arrested and is