How to Avoid Becoming a Repeat Scam Victim in 2024

In 2024, Americans lost a staggering $12.5 billion to fraud, marking a 25% increase from the previous year. Among the most alarming trends is the rise of repeat victimization, where scammers target individuals who have already fallen prey once. The FBI recently issued warnings about con artists impersonating FBI agents, promising to help victims recover lost funds but instead aiming to scam them again.

Why Are Repeat Scams So Common?

Scammers often return to previous victims because they know these individuals can be manipulated again. The psychological factors at play include fear, desperation, and embarrassment. Impersonating authority figures like FBI agents or government officials, scammers exploit victims’ respect for authority and their urgent desire to recover lost money.

This tactic, known as an imposter scam, leverages fear and urgency to pressure victims into sharing sensitive information or sending more money. Older adults are particularly vulnerable, often fearing family intervention or nursing home placement, which scammers use to deepen manipulation.

Practical Steps to Avoid Being Scammed Twice

• Use identity theft protection services to monitor credit reports and detect suspicious activity early.
• Freeze your credit reports with Equifax, TransUnion, and Experian to prevent unauthorized accounts from being opened.
• Lock your Social Security number to block its misuse for jobs or government benefits.
• Be vigilant against phishing attempts, especially messages claiming to be from government agencies offering refunds.
• Verify any unsolicited calls or messages by independently contacting the agency using official contact information.

Remember, legitimate agencies like the FBI do not charge fees or guarantee recovery of lost funds.

The Harsh Reality About Recovering Lost Money

Unfortunately, once scammers have your money, it’s rarely recoverable. Banks may not reverse wire transfers, though credit card fraud charges can often be disputed and reversed. This makes prevention and vigilance your best defenses.

In the end, understanding scammers’ methods and maintaining strong personal data protections are essential to breaking the cycle of repeat victimization.