Fraud and scams continue to plague Americans of all ages, and older adults are especially vulnerable. The Federal Trade Commission (FTC) found that Americans lost $12.5 billion to fraud in 2024, which represents a 25% increase over the prior year.
At the Senior Fraud and Financial Exploitation Prevention Roadshow, financial experts will offer tips on how to avoid being targeted by cybercriminals.
Recent guidance from Wisconsin's Department of Financial Institutions on the state’s new money transmission law tightens oversight of Bitcoin teller machines, also known as BTMs, cryptocurrency ATMs or virtual currency kiosks. Operators of BTMs must limit transactions to $2,000 per day per user, among other requirements.
Cryptocurrency kiosks, may look like regular ATMs, but criminals can also use them as a fast, easy and hard-to-trace way to get access to victims’ cash.
As the nation marked the 90th anniversary of the Social Security Act, signed into law on Aug. 14, 1935, by President Franklin D. Roosevelt, AARP Virginia hosted a community event to celebrate the milestone and gather public sentiment on the program’s legacy.