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Cybercrime Soars: Americans Lose $16 Billion in 2024

4/28/2025

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Summary

Story summary

Cybercriminals wreaked havoc in 2024, scamming Americans out of a staggering $16 billion—a 33% surge from the previous year. The D.C. area, Maryland, and Virginia faced a combined loss of $848 million, with Maryland suffering $239 million and Virginia $317 million. Alarmingly, individuals over 60 bore the brunt, losing $5 billion mainly to investment fraud.

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Story summary

Cybercriminals wreaked havoc in 2024, scamming Americans out of a staggering $16 billion—a 33% surge from the previous year. The D.C. area, Maryland, and Virginia faced a combined loss of $848 million, with Maryland suffering $239 million and Virginia $317 million. Alarmingly, individuals over 60 bore the brunt, losing $5 billion mainly to investment fraud.