In 2023, individuals aged 60 and older in the United States lost more than 1.2 billion U.S. dollars in online investment fraud, an increase from 990 million U.S. dollars in the previous year. This was the cybercrime type, causing the most significant monetary damage to the elderly victims. Tech support scams ranked second, causing the victims around 590 million U.S. dollars in losses. Romance scams followed third, registering nearly 356 million U.S. dollar losses in the examined year.
Monetary losses of cybercrime victims among individuals over 60 years in the United States in 2023, by type of crime
(in million U.S. dollars)
Characteristic
2022
2023
Investment
990.24
1,243
Tech Support
587.83
589.76
Confidence/Romance
419.76
356.89
Government impersonation
136.5
179.65
Personal data breach
127.73
109.72
Other
31.41
72.71
Advanced fee
49.32
67.92
Lottery/Sweepstakes/Inheritance
69.85
67.4
Real estate
135.24
65.63
Non-payment/Non-Delivery
51.53
59.02
Credit Card/Check Fraud
61.65
37.86
Identity theft
42.65
34.55
Data breach
17.68
23.91
Extortion
15.56
23.09
SIM swap
19.15
15.15
Overpayment
10.98
7.5
Employment
6.4
6.84
Threats of violence
0.38
5.13
Spoofing
22.26
2.62
Harassment/Stalking
0.25
1.93
Crimes against children
0.05
1.16
Ransomware
0.21
0.64
Malware
1.85
0.26
Botnet
0.12
0.23
IPR/Copyright and counterfeit
0.2
0.18
Business e-mail compromise (BEC) - potential business victimization**
369.77
-
Business e-mail compromise (BEC) - personal victimization**
based on cases reported to the IC3, wider industry metrics may vary
Supplementary notes
**Regarding BEC losses: A whole number is given to depict the overall victim count and is then broken out into separate counts to identify when a Victim over 60 may be reporting victimization on behalf of a business or personally.Â
Ransomware adjusted losses do not include estimates of lost business, time, wages, files, equipment, or any third-party remediation services acquired by a victim. In some cases, victims do not report any loss amount to the FBI, thereby creating an artificially low overall ransomware loss rate. Lastly, the number only represents what victims report to the FBI via the IC3 and does not account for victims directly reporting to FBI field offices/agents.
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IC3. (December 12, 2023). Monetary losses of cybercrime victims among individuals over 60 years in the United States in 2023, by type of crime (in million U.S. dollars) [Graph]. In Statista. Retrieved November 01, 2024, from https://www.statista.com/statistics/1390143/financial-losses-us-cybercrime-elderly-by-type/
IC3. "Monetary losses of cybercrime victims among individuals over 60 years in the United States in 2023, by type of crime (in million U.S. dollars)." Chart. December 12, 2023. Statista. Accessed November 01, 2024. https://www.statista.com/statistics/1390143/financial-losses-us-cybercrime-elderly-by-type/
IC3. (2023). Monetary losses of cybercrime victims among individuals over 60 years in the United States in 2023, by type of crime (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 01, 2024. https://www.statista.com/statistics/1390143/financial-losses-us-cybercrime-elderly-by-type/
IC3. "Monetary Losses of Cybercrime Victims among Individuals over 60 Years in The United States in 2023, by Type of Crime (in Million U.S. Dollars)." Statista, Statista Inc., 12 Dec 2023, https://www.statista.com/statistics/1390143/financial-losses-us-cybercrime-elderly-by-type/
IC3, Monetary losses of cybercrime victims among individuals over 60 years in the United States in 2023, by type of crime (in million U.S. dollars) Statista, https://www.statista.com/statistics/1390143/financial-losses-us-cybercrime-elderly-by-type/ (last visited November 01, 2024)
Monetary losses of cybercrime victims among individuals over 60 years in the United States in 2023, by type of crime (in million U.S. dollars) [Graph], IC3, December 12, 2023. [Online]. Available: https://www.statista.com/statistics/1390143/financial-losses-us-cybercrime-elderly-by-type/
