FBI Reports Record Scam Losses in 2024
Scammers stole a record $16.6 billion in 2024, a 33% increase from the previous year, with over 250,000 complaints averaging losses of $19,000. The elderly, particularly those over 60, reported the highest losses at $4.8 billion, with investment scams being the leading cause at $6.5 billion. Cryptocurrency was predominantly used in these scams, highlighting the escalating threat of cybercrime as nearly all aspects of life become digitally interconnected.