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That represents a sharp increase from the US$9.9 billion in losses that it first reported for 2024, which rose to US$12 billion as data was finalized.
“The landscape has shifted dramatically as scammers industrialize operations, leverage AI tools, and increasingly target victims through sophisticated impersonation schemes,” the firm said in an initial report.
As a result of these developments, not only is the number of scams increasing, but the losses they generate are rising too.
Overall, the average scam loss rose by 253% year-over-year, to US$2,764 in 2025 from US$782 in 2024, the firm reported, “indicating more sophisticated targeting and victim profiling.”
In part, this reflects the growing use of AI tools to…
