Crypto scams more costly to the US than ransomware, feds say
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Feed Name: The Register (Security)
The FBI’s IC3 2023 report highlights that investment fraud—largely crypto schemes—led to $4.57B in losses, far exceeding reported ransomware losses, while BEC and tech/government impersonation scams also inflicted multi‑billion‑dollar damages; older adults were disproportionately targeted, and the FBI urges victims to report incidents (regardless of ransom payment) to aid disruption and recovery.
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