For older adults, the convenience of online shopping is an enormous benefit, and at several times a year, savvy shoppers can locate sales on popular items.  Today, Amazon is kicking-off its Prime Deals Days for members.  While it’s a great time to get online and purchase some deals, it’s also important to be aware of the latest trends in online scams.

The Federal Trade Commission (FTC) reports that consumers continue to lose significant money to scams and fraud. While those 18-59 report a greater number of fraud cases, older adults have more significant financial loss associated with scams.  However, many incidences of fraud are not reported by consumers, and the total cost of fraud to all consumers is far greater than reports indicate.