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Cybercriminals Steal $16.6 Billion in 2024; Seniors Hit Hardest

4/24/2025

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Summary

Story summary

In 2024, cybercriminals wreaked havoc in the U.S., stealing a staggering $16.6 billion—a 33% jump from the previous year. Seniors bore the brunt, losing $4.8 billion to investment scams. South Carolina alone faced $146 million in losses, highlighting the urgent need for vigilance against rising phishing and email fraud targeting vulnerable populations.

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Story summary

In 2024, cybercriminals wreaked havoc in the U.S., stealing a staggering $16.6 billion—a 33% jump from the previous year. Seniors bore the brunt, losing $4.8 billion to investment scams. South Carolina alone faced $146 million in losses, highlighting the urgent need for vigilance against rising phishing and email fraud targeting vulnerable populations.