Crypto scams rake in $5.6B a year for cyberscum lowlifes, FBI says
ID: dd83eee5-4980-5cc3-bf36-66088a38b606
STIX ID: report--dd83eee5-4980-5cc3-bf36-66088a38b606
Feed Name: The Register (Security)
The FBI’s IC3 report shows $5.6B in U.S. crypto-related cybercrime losses in 2023 (+45% YoY), driven mainly by confidence-enabled investment scams that use social engineering, fraudulent apps/websites, and liquidity-mining schemes, with older adults disproportionately targeted and some victims re‑victimized by fake recovery services; the article also notes that IC3’s ransomware loss figures are likely undercounted due to reporting gaps.
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