Here are three important things to know about fraud right now. 

First, most scams today are often run by highly organized international criminal networks, not  individuals acting alone. These mafia-style organizations use stolen money to fund abusive criminal activity around the world, including Southeast Asian fraud compounds that rely on human trafficking, forced labor, and torture. Fighting scams isn’t just about protecting your life savings, it’s also about cutting off funding to these inhumane and violent organizations. 

Second, just as you take steps to protect your health or home, you can take steps to safeguard your finances. This means taking actions like blocking unknown callers, using strong and unique passwords for every account, enabling two-factor authentication on your online accounts freezing your credit, checking your credit report regularly, and shredding documents that contain personal information. 

Third, if you do fall victim, report the crime, as fraud is notoriously underreported. Reporting isn’t just about helping authorities catch criminals. It also helps expose the true scale of the problem and the need for fraud-fighting resources. The AARP Fraud Watch Network recommends reporting to your local police to create an official record and to the FBI’s Internet Crime Complaint Center at IC3.gov. 

Learn how to spot and avoid scams with AARP Fraud Watch Network™. Suspect a scam? Call our free helpline at 877-908-3360 and talk to one of our fraud specialists about what to do next. 

Need a scam prevention speaker for your group? Send an email to me@aarp.org.