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Crypto Scams and Senior Fraud Drive $21 Billion in 2025 Cyber Theft, FBI Reports

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Why This Matters

The FBI's 2025 Internet Crime Report highlights a surge in cyber theft, with over $21 billion lost to scams involving cryptocurrency, AI, and elder fraud. The rise of sophisticated AI tools and organized criminal networks has made scams more convincing and harder to detect, posing significant risks to consumers and the tech industry alike. This underscores the urgent need for enhanced cybersecurity measures and consumer awareness to combat evolving cyber threats.

Key Takeaways

Cryptocurrency investment fraud is on the rise, according to the FBI. James Martin/CNET

Online scams are lucrative for criminals, and AI is making it easier to swindle US targets, according to the FBI's latest Internet Crime Report. Each year, the FBI publishes statistics from its Internet Crime Complaint Center, and this year's report broke the $20 billion barrier in losses, with more than 1 million complaints reported to the agency. In 2024, it recorded $16.6 billion in losses.

The complaint center tracks internet crimes across more than two dozen categories, including identity theft and ransomware. In 2025, phishing/spoofing were the top crime types, with 191,561 complaints. Next on the list was extortion, with 89,129 complaints.

The numbers are based on complaints filed with the FBI, though many crimes go unreported. An FBI representative told CNET by email that the agency "cannot speculate on how many instances of cyber-enabled crime victimization are unreported each year."

See also: Here's how to tell if a link is actually a scam.

Crypto and AI take bigger roles in scams

According to the report, the over-60 demographic remains most vulnerable to online scams, with "elder fraud" accounting for 201,266 complaints and $7.75 billion in reported losses. That's an increase of 37% from 2024, with an average loss of $38,500. Of those, 12,444 people lost more than $100,000 due to scams.

The FBI also received 181,565 cryptocurrency-related complaints, with investment scams accounting for the largest share of losses for US citizens, totaling more than $11 billion.

"These scams are largely perpetrated by organized criminal enterprises based in Southeast Asia using victims of human trafficking as forced labor to run the scam operations," the report reads.

The rise of higher-quality AI systems is making it harder to spot scams, with 22,364 AI-related complaints costing people $893 million last year. That includes confidence/romance scams, where fake profiles and scripts that sound like believable human speech entice, and grandparent scams, or "distress" scams, where AI voice cloning mimics a relative in danger.

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