Fraud Losses Soar, Crossover Scams Drain Billions
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fraud losses surged to $12.5 billion in 2024, with crossover scams causing a 25% increase from last year. These scams, combining tactics like pop-ups, fake agents, and romance cons, resulted in a 38% increase in victims losing money. Investment scams led with $5.7 billion in damage, followed by imposter tricks at $2.95 billion. Seniors over 60 were the hardest hit, filing 147,000 complaints and losing nearly $4.9 billion. Average loss per person topped $83,000, with emotional scars lasting years. Crypto fraud rose by 47%. Red flags include demands for secrecy, rushing you to cash out into crypto or gold, or unsolicited hot tips from strangers. Protect yourself with a trusted contact, two-factor authentication, and verification.
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