FBI: Cybercrime tore a $3.5b hole in victims’ pockets last year

FBI: Cybercrime tore a $3.5b hole in victims’ pockets last year

Previous: Google to force Nest users to turn on 2FA Why do online swindlers rob people over the age of 60? Because that’s where the money is. According to the FBI’s 2019 Internet Crime Report , released on Tuesday by the bureau’s Internet Crime Complaint Center (IC3), the total amount of money clawed out of victims through a smorgasbord of cybercrime types just keeps climbing, with 2019 bringing both the highest number of complaints and the highest dollar losses reported since the center was established in May 2000. Those of us with gray hair tend to have the most money, and thus we have the dubious honor of being the most targeted and of having the biggest holes torn in our pockets. There were 68,013 people over the age of 60 who reported being victimized last year, and their total reported loss was $835,164,766. The number steadily increases with age after the age of 20, but the younger amongst us – under 20 – are right up there when it comes to how much money they lose. Though only 10,724 victims under the age of 20 reported cybercrime in 2019, they reported stiff losses, at a total of $421,169,232. […]

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