Top 5 Scams Targeting Colorado Residents in 2026 (and How to Protect Yourself)
Fraud is on the rise in Colorado, and scammers are using advanced technology to trick even the most cautious consumers. In 2024 alone, Coloradans lost over $243 million to scams, and experts warn that 2026 will bring even more sophisticated schemes thanks to AI and real-time payment systems. Here are the five most common scams to watch out for this year, along with tips on how to stay safe.
1. AI-Powered Deepfake Scams
Artificial intelligence is fueling a new wave of fraud. Scammers use voice cloning and video deepfakes to impersonate family members, coworkers, or even bank representatives. These scams often involve urgent pleas for money or sensitive information.
How to Stay Safe: Verify requests through a separate channel (e.g., call the person directly on a known number). Be skeptical of urgent demands.
2. Government Imposter Scams
Fraudsters pose as IRS, Social Security, or Medicare officials, threatening legal action or loss of benefits unless you pay immediately, often via gift cards or cryptocurrency.
How to Stay Safe: Government agencies never demand payment over the phone. Hang up and contact the agency using official contact information.
3. Investment and Cryptocurrency Fraud
Investment scams—especially those involving cryptocurrency—are among the costliest in Colorado, accounting for $90 million in losses in 2024. Scammers promise high returns and pressure victims to act fast.
How to Stay Safe: Research any investment opportunity thoroughly. Avoid sending money to unknown platforms or individuals.
4. Phishing and Business Email Compromise
Cybercriminals send convincing emails or texts that look legitimate, tricking victims into sharing sensitive data or wiring funds. AI-written phishing messages are harder to spot than ever.
How to Stay Safe: Double-check email addresses, avoid clicking suspicious links, and enable two-factor authentication on all accounts.
5. Grandparent and Family Emergency Scams
Scammers exploit emotions by pretending to be a loved one in distress—often using AI-generated voices. They request urgent financial help, usually via wire transfer or gift cards.
How to Stay Safe: Confirm the caller’s identity by asking questions only a real relative would know. Contact other family members before sending money.
Final Tips
- Stay calm under pressure. Scammers rely on urgency to cloud judgment.
- Verify before you pay. Use trusted contact information.
- Report scams. File complaints with the Colorado Attorney General’s Office or the FTC.
- Do your research. Access our helpful safety and security resources to learn more about protecting yourself from fraud.