(INDIANAPOLIS) - Indiana officials are warning residents to watch for financial scams targeting older adults after a sharp increase in reported losses last year.
The Indiana Securities Division received 351 Senior Savings reports in 2025, nearly double the 176 reports received in 2024, according to the agency's annual enforcement report.
Reported losses totaled approximately $25.1 million.
The warning was issued Monday in conjunction with World Elder Abuse Awareness Day.
State officials say seniors continue to be targeted through phone scams, investment fraud and online schemes.
The Indiana Securities Division said common warning signs include unsolicited phone calls, emails, text messages and social media contacts requesting money or personal information.
Indiana Securities Commissioner Marie Castetter said residents should remain cautious when dealing with unexpected requests.
"Protecting our seniors requires more than just national oversight. It requires local and personal vigilance," Castetter said. "You're your first line of defense. Stranger danger still applies if the person is on the phone, on a social media platform, or is contacting you through email."
The Indiana Securities Division recommends adding a trusted contact to financial accounts, regularly reviewing account activity, protecting personal information and avoiding requests to send money through gift cards, wire transfers or cryptocurrency.
The agency offers fraud prevention and investor education programs for seniors, caregivers, churches, retirement communities and other organizations throughout the year.