Risky Bulletin Newsletter
March 08, 2024
Risky Biz News: Crypto-fraud is now bigger than BEC
Presented by
News Editor
The FBI has published its yearly Internet Crime Report [PDF], and the main takeaway from this year's edition is that Americans are really bad at spotting cryptocurrency-themed investment scams.
For the first time since the FBI started putting out its yearly report in the early 2010s, last year, Americans lost more money to crypto-investment scams than all BEC incidents combined.
Americans lost $4.57 billion to investment scams last year, of which $3.94 billion were linked to crypto schemes.