07/27/2023

Americans think fraud has reached crisis level, report finds

WYMT

Often, fraudsters will use the psychological trick of inciting fear, panic, or joy to lower victims’ guards

(InvestigateTV) — Two in three U.S. adults think scams and fraud have hit a crisis level, according to a recent report by AARP.

Kathy Stokes, director of fraud prevention programs at AARP said they’ve seen a dramatic increase in the number of reports about fraud.

“We also know that the number of reports is just the tip of the iceberg because of so much under reporting,” Stokes said.

The report, Consumer Fraud Awareness Gets “D” Grade, found many misconceptions among consumers about fraud. The findings include:

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