With the rise of technology, scammers continue to find clever ways to trick victims into sharing personal information, allowing them to hack their accounts and steal money.


In fact, the Federal Bureau of Investigation’s 2024 Internet Crime Report estimates that losses reported have increased by 9% since the prior year, totaling $16.6 billion in financial loss due to scams. In this group, adults over the age of 60 suffered the most losses and submitted the most complaints. This may be due to a lack of familiarity with newer technology. Older adults also typically have substantial savings, making them an attractive target to scammers.


No matter your age, it’s important to be aware of the common tactics that scammers use. By staying vigilant and identifying fraud, you can protect yourself against financial crime. Here are eleven common scams to watch out for.

Personal Impersonation Scams

Scammers will pretend to be a family member or loved one. They will say they are in trouble and ask for money quickly. With the advancement of AI technology, these impersonations can seem very realistic. It’s a good idea to hang up and call your loved one using a known phone number to verify if it was really them.

Bank Imposter Scams

Scammers contact you pretending to be a representative from your bank, sometimes claiming fraudulent transactions posted to your account to create a sense of urgency and panic. They request your user ID, password, and/or a secure text or email code you received, which they will use to access your bank account. Note: Poppy Bank will never request this information from you! If you receive such a call, hang up and contact your bank using a known phone number.

Government Imposter Scams

Scammers may pose as IRS, Medicare, or Social Security representatives demanding payments or personal information.

Tech Support Scams

Calls or pop-ups claim that your computer has a virus and request remote access or payment for fake repairs.

Romance Scams

Scammers build online relationships and then ask for money, often for emergencies or travel.

Charity Scams

Fraudsters pose as charities, especially after disasters, and pressure for donations.

Lottery & Sweepstakes Scams

You are told you’ve won a prize but must pay fees or taxes to claim it.

Investment Scams

If someone promises big profits with no risk, it’s likely a scam.

Home Repair Scams

Fake contractors will demand upfront payments and disappear without completing work.

Phishing Scams

Scammers will send fraudulent emails or texts impersonating banks or companies to steal your personal information. You can read more about phishing here.

Utility Scams

Callers claim your utilities will be shut off unless immediate payment is made.

Protecting Yourself from Financial Scams

It’s important to always do your research and verify that people are who they say they are. You should never send money to someone you don’t know or have never met in person. If you are suspicious, always err on the side of caution, and talk to someone you trust. They can help you identify any red flags you’ve missed.
If you think you have been scammed, tell your bank immediately. You can also report it to the Department of Financial Protection & Innovation. Call 1-866-275-2677 or visit them online at dfpi.ca.gov.


By staying vigilant and informed, you can protect yourself and your loved ones against fraud.


Sources: the Department of Financial Protection and Innovation and the Federal Bureau of Investigation.