Report: Tennesseans lost millions in cryptocurrency scams last year, per FBI

Fraud up 33 per cent as AI and crypto scams see victims defrauded of millions

AI and social media are making people more vulnerable to scams, including one man who lost £75,000 after seeing a deepfake of Martin Lewis

Report: Tennesseans lost millions in cryptocurrency scams last year, per FBI

NASHVILLE, Tenn. (WKRN) — The FBI analyzed trends from more than 850,000 complaints of suspected internet crime last year and found that cryptocurrency fraud was one of the top cyber crimes in 2024. The 2024 Internet Crime Report, published Wednesday by the FBI, revealed that the Volunteer State lost more than $82 million to cryptocurrency scams last year. Nationwide data revealed a 33% increase in losses from the year prior. However, the FBI is…

Broadband Opens Opportunities for Older Adults… Including to Scams!

Broadband use continues to grow for those 65 and older with 90% online according to a Pew Research Center 2024 Survey.  The aging community is presently enjoying all the benefits of an Internet economy, as well as the opportunity to participate in the thriving online marketplace. With approximately 64% of the nation’s wealth distribution held by Baby Boomers and the Silent Generation, older adults are a primary target for online retailers and co…

Elderly Americans Hit Hardest by $9.3B Crypto Scam Wave in 2024: FBI - WorldNL Magazine

In brief Crypto ATM fraud complaints jumped 99% in a year, with seniors losing over $107 million. The average loss for victims over 60 reached $83K, four times the overall average. Investment scams remain a primary threat, accounting for $1.6B in losses among seniors. The FBI's Internet Crime Complaint Center (IC3) has revealed a troubling trend in its 2024 annual report, released on Wednesday.Americans aged 60 and older are most vulnerable to c…

Elderly Americans Hit Hardest By $9.3B Crypto Scam Wave In 2024: FBI - Data Intelligence

In brief Crypto ATM fraud complaints jumped 99% in a year, with seniors losing over $107 million. The average loss for victims over 60 reached $83K, four times the overall average. Investment scams remain a primary threat, accounting for $1.6B in losses among seniors. The FBI’s Internet Crime Complaint Center (IC3) has revealed a troubling trend in its 2024 annual report, released on Wednesday. Americans aged 60 and older are most vulnerable to…

Elderly Americans Hit Hardest by $9.3B Crypto Scam Wave in 2024: FBI

America's seniors lost nearly $3 billion to crypto fraud despite representing just 17% of the population, with ATM scams now a rising trend.