Security · 1h ago
Online scams cost Americans $150B in 2025, 7x FBI estimates
The Consumer Federation of America estimates online scams cost Americans nearly $150 billion last year, seven times the amount reported to the FBI. The group says most victims never report losses, and the number of cyber scams is rising dramatically. The figure highlights a massive underreporting gap in cybercrime tracking.
Meridian48 take
The 7x gap between reported and estimated losses suggests current FBI data severely understates the true scale of online fraud, potentially skewing policy priorities.
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Online scams cost Americans almost $150B last year – 7x more than reported →
9to5Mac
online-scamscybercrime-reporting