The Data on Reported Losses
FTC data indicates adults 50 and older reported $4.3 billion lost to fraud in 2025, significantly more than the $2.3 billion reported by younger demographics. Total fraud losses for adults 60 and above rose from approximately $600 million in 2020 to $2.4 billion in 2024. Significantly, scams initiated by a phone call result in a median reported loss of $2,210, contrasting with $650 for those starting on social media.
The Impact of Phone-Initiated Scams
The direct nature of phone calls often facilitates higher financial impact. In 2024, 41% of imposter-scam reports from older adults involving losses of $10,000 or more originated with a phone call. This demonstrates the particular vulnerability associated with phone-based fraudulent contact.
Taking Action Against Phone Fraud
Documenting suspicious phone calls is a crucial first step in protecting yourself and others. RoboCallMeNot allows for one-tap logging of these calls, creating a record of the incident. This log then guides users through the process of submitting official reports to the FTC, FCC, and FBI's IC3.
Protect Yourself: Download RoboCallMeNot Today
Gain control over robocalls and contribute to a safer environment by easily logging and reporting fraudulent activity.