Grandparents are identity theft's biggest payday

The FBI calls it a "distress scam." It is also known as a grandparent scam. The scam works by making an older adult believe a grandchild is in serious trouble and needs money right away, often before a court date or legal deadline. Victims reported more than $5 million in losses to this type of fraud in 2025. The FBI's Internet Crime Complaint Center also noted that reported losses likely show only part of what scammers actually stole. The Federal Trade Commission found in August 2025 that some