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Home Compliance and Risk

ABA Fraudcast: FTC report shows how elder fraud is expanding

Driving skyrocketing losses is significant increases in scams totalling $100,000 or more.

January 7, 2026
Reading Time: 2 mins read
Wealth management’s challenges: retaining talent, mastering digital

A focus on elder fraud kicks off Season 2 of the ABA Fraudcast, as Paul Benda interviews Lois Greisman, associate director of the Federal Trade Commission’s division of marketing practices. They discuss Protecting Older Consumers, 2024-2025, A Report of the Federal Trade Commission, issued in December, that reveals a big increase in the number of older adults reporting losses of over $100,000 to scams.

The ABA Fraudcast will be published every three weeks, here and wherever you listen to and subscribe to your favorite podcasts, such as Apple and Spotify. Please subscribe!

ABA offers resources to help banks prevent, identify, measure and report fraud, and to serve and protect consumers and their financial data.​ ABA’s scam prevention campaigns #BanksNeverAskThat and #PracticeSafeChecks are newly updated as well. The ABA Foundation’s Protecting Older Americans page includes useful resources to assist the fight against elder financial exploitation and other increasing threats.

If the player above is not visible, listen to this episode here.

ABA Fraudcast host is Paul Benda, EVP, risk, fraud and cybersecurity at ABA.


Paul Benda

Tags: ABA FraudcastFinancial crimesScams
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