“Imposter scams cost older adults $700 million in 2024, FTC finds”

“Criminals are increasingly pilfering the retirement and other financial accounts of older Americans via so-called “imposter” scams, the Federal Trade Commission reported Thursday.

The frauds tend to go like this: Scammers conjure a fake crisis and pose as trustworthy sources — perhaps a representative for a bank or companies like Amazon, Apple or Microsoft, or workers at a federal agency like the Social Security Administration or FTC — who can supposedly help them fix it.

In the process, they persuade unsuspecting victims to transfer their money to “keep it safe” or for another bogus reason, the FTC said…”

https://www.cnbc.com/2025/08/08/imposter-scam-ftc-seniors-bank-401k-accounts.html

If you’re older just do your business in person. That’s the easiest way around this.