Crypto Scams and Ransomware Target Elderly, FBI Warns of Soaring Losses

According to the FBI, investment fraud emerged as the leading form of cybercrime, causing substantial financial losses for Americans last year. Reports indicate that investment scams, often enticing victims with promises of significant returns, resulted in a staggering $4.57 billion yearly loss. This figure represents a significant 38% surge from $3.31 billion reported in 2022. Notably, most of these scams target individuals seeking quick profits through cryptocurrency ventures, with such schemes contributing nearly $4 billion to the overall losses. The Evolution of Investment...


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