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AI-Powered Cybercrime Drives Record US$16.6 Billion in Losses, FBI Reports

TheDayAfterAI News 2/5/25 TheDayAfterAI News 2/5/25

AI-Powered Cybercrime Drives Record US$16.6 Billion in Losses, FBI Reports

The FBI’s 2024 Internet Crime Report highlights $16.6 billion in cybercrime losses—driven in part by the growing use of AI in phishing, extortion, and cryptocurrency scams. Elderly victims suffered the most, with $4.8 billion in reported losses. The FBI is leveraging AI tools to combat this evolving threat.

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