FBI Reports Surge in Crypto Scams Targeting Seniors in 2024

The FBI has released a concerning report detailing the dramatic rise in cryptocurrency scams, particularly affecting elderly individuals. In 2024, crypto scam losses surged by 66%, with elderly Americans losing nearly $3 billion to these fraudulent schemes.

This alarming trend has led to a total of $93 billion in reported losses due to crypto scams last year, marking a significant increase in the prevalence of such crimes. The FBI’s findings underscore the vulnerability of older adults in the digital age, as they often lack the knowledge and resources to protect themselves against sophisticated scams.

Experts urge that there is an urgent need for increased awareness and protective measures to safeguard vulnerable populations, particularly the elderly, from falling victim to these scams. The report serves as a wake-up call for individuals and organizations to take proactive steps in educating and protecting seniors from the growing threat of cybercrime.