Posted 3/7/2024, 12:53:13 PM
Internet Crime Soars to $12.5 Billion in Losses, Preying on Elderly
- FBI reported record $12.5 billion in losses from online crime in 2023, a 22% increase from 2022
- Total complaints of internet crime rose 10% to 880,000; people over 60 were most vulnerable group
- Business Email Compromise scams caused over $2.9 billion in losses
- Investment fraud rose 53% with $3.94 billion lost in crypto scams
- Tech support and government impersonation scams targeting elderly led to $1.3 billion in losses