U.S. Seniors Lost More Money to Scammers in 2024 Than You Think

The Federal Bureau of Investigation reported that elderly individuals in the U.S. lost over $5 billion to online scams in 2024, with seniors aged 60 and above being the most victims, accounting for nearly $4.8 billion in losses through investment, tech support, and romance fraud. The FBI noted a significant increase in complaints, particularly from the elderly group, while cryptocurrency fraud also surged, affecting over $9.3 billion, especially among those 60 or older. Cyber threats are growing as more aspects of life become digital, making seniors especially vulnerable to exploitation due to reliance on digital tools and isolation.