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FBI Reports $16.6 Billion Stolen in Online Scams in 2024

New data highlights a sharp rise in cybercrime losses, with older Americans and cryptocurrency scams driving the surge.

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A person passes by the FBI seal on the wall of the FBI headquarters, days after the Trump administration launched a sweeping round of cuts at the Justice Department, in Washington, U.S., February 3, 2025. REUTERS/Kevin Lamarque
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Overview

  • The FBI's Internet Crime Complaint Center (IC3) recorded a record $16.6 billion in online scam losses in 2024, up from $12.5 billion in 2023.
  • A total of 859,532 complaints were filed, reflecting the growing prevalence of cybercrime and victim reporting.
  • Investment scams, including 'pig butchering' schemes, accounted for $6.6 billion in losses, nearly doubling since 2022.
  • Americans aged 60 and older reported the highest financial losses, totaling more than $4.8 billion, with $2.8 billion tied to cryptocurrency scams.
  • Emerging tactics, such as fake toll text scams, prompted 58,271 complaints, exposing new vulnerabilities in digital fraud.