April 29, 2025

FBI's IC3 2024 Statistics - Not Good!

FBI's IC3 2024 Statistics - Not Good!

The FBI Internet Crime Complaint Center 2024 annual report is out. The statistics are not good and going in the wrong direction. Losses increased by 33% in the United States and 43% increase in losses with the 60+ year old population.
Tune in while...

iHeartRadio podcast player iconAmazon Music podcast player iconApple Podcasts podcast player iconPandora podcast player iconPodchaser podcast player iconAudible podcast player iconSpotify podcast player iconDeezer podcast player iconSpreaker podcast player iconPodcast Addict podcast player iconYoutube Music podcast player iconYouTube podcast player iconCastbox podcast player iconCastamatic podcast player iconCastro podcast player iconFountain podcast player iconGoodpods podcast player iconOvercast podcast player iconRSS Feed podcast player iconPocketCasts podcast player iconPodimo podcast player iconPodurama podcast player icon
iHeartRadio podcast player iconAmazon Music podcast player iconApple Podcasts podcast player iconPandora podcast player iconPodchaser podcast player iconAudible podcast player iconSpotify podcast player iconDeezer podcast player iconSpreaker podcast player iconPodcast Addict podcast player iconYoutube Music podcast player iconYouTube podcast player iconCastbox podcast player iconCastamatic podcast player iconCastro podcast player iconFountain podcast player iconGoodpods podcast player iconOvercast podcast player iconRSS Feed podcast player iconPocketCasts podcast player iconPodimo podcast player iconPodurama podcast player icon

The FBI Internet Crime Complaint Center 2024 annual report is out. The statistics are not good and going in the wrong direction. Losses increased by 33% in the United States and 43% increase in losses with the 60+ year old population.
Tune in while Joyce reviews the report as it relates to the 60+ year old population in the United States and Arizona.

Let’s Talk About Scams is broadcast live Tuesdays at 8AM PT on K4HD Radio - Hollywood Talk Radio (www.k4hd.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Let’s Talk About Scams TV Show is viewed on Talk 4 TV (www.talk4tv.com).

Let’s Talk About Scams Podcast is also available on Talk 4 Media (www.talk4media.com), Talk 4 Podcasting (www.talk4podcasting.com), iHeartRadio, Amazon Music, Pandora, Spotify, Audible, and over 100 other podcast outlets.

Disclaimer: The information contained in this podcast is intended for informational purposes only and is not a substitute for individual professional / legal advice. The podcast information was carefully compiled from vetted sources and references; however, R.O.S.E. Resources / Outreach to Safeguard the Elderly cannot guarantee that you will not fall victim to a scam.

WEBVTT

1
00:00:01.000 --> 00:00:04.599
This program is designed to provide general information with regards

2
00:00:04.599 --> 00:00:07.599
to the subject matters covered. This information is given with

3
00:00:07.639 --> 00:00:12.000
the understanding that neither the hosts, guests, sponsors, or station

4
00:00:12.240 --> 00:00:17.440
are engaged in rendering any specific and personal medical, financial,

5
00:00:17.760 --> 00:00:22.719
legal counseling, professional service, or any advice. You should seek

6
00:00:22.760 --> 00:00:26.839
the services of competent professionals before applying or trying any

7
00:00:26.960 --> 00:00:32.759
suggested ideas. The information contained in this podcast is intended

8
00:00:32.759 --> 00:00:36.000
for informational purposes only and is not a substitute for

9
00:00:36.039 --> 00:00:40.399
individual professional legal advice. The podcast information was carefully compiled

10
00:00:40.399 --> 00:00:44.560
from vetted sources and references. However, Rose Resources outreach to

11
00:00:44.640 --> 00:00:47.600
safeguard the elderly cannot guarantee that you will not fall

12
00:00:47.679 --> 00:00:49.479
victim to a scam.

13
00:00:50.320 --> 00:00:54.159
Let's talk about scams. It's the must listen show for

14
00:00:54.520 --> 00:00:57.640
anyone who wants to protect themselves and their loved ones

15
00:00:57.679 --> 00:01:02.159
from scams. Every Tuesday am Pacific time on K four

16
00:01:02.320 --> 00:01:06.799
HD Radio, Joyce Petrowski, founder of Rose, and her guests

17
00:01:07.159 --> 00:01:11.280
will provide valuable insights and practical tips on how to

18
00:01:11.359 --> 00:01:16.359
recognize and protect yourself from scams. And now here is

19
00:01:16.400 --> 00:01:18.599
your host, Joyce Petrowski.

20
00:01:19.799 --> 00:01:23.480
Welcome back everyone, I'm Joyce Petrowski, founder and board president

21
00:01:23.560 --> 00:01:27.280
of Rose Resources Outreach to safeguard the elderly. You can

22
00:01:27.319 --> 00:01:30.640
find more resources on our website at Roseadvocacy dot org.

23
00:01:31.000 --> 00:01:34.000
You can find our social media links and also sign

24
00:01:34.079 --> 00:01:36.920
up for our emailed and mailed newsletters down at the

25
00:01:36.920 --> 00:01:44.280
bottom of the homepage. Last week, we talked about a

26
00:01:44.439 --> 00:01:50.920
public service announcement from the FBI that scammers were impersonating

27
00:01:51.000 --> 00:01:55.040
the Internet Crime Complaint Center, which is a division of

28
00:01:55.079 --> 00:02:00.760
the FBI, And today I want to talk about the

29
00:02:01.159 --> 00:02:07.079
twenty twenty four Internet Crime Complaint Center's report, annual report

30
00:02:07.159 --> 00:02:10.039
that they do every year. The twenty twenty four came

31
00:02:10.120 --> 00:02:14.280
out late last week and it's got a lot of

32
00:02:14.280 --> 00:02:19.560
information about the scams and the victims that reported during

33
00:02:19.599 --> 00:02:20.759
twenty twenty four.

34
00:02:21.280 --> 00:02:23.439
Now, if you remember.

35
00:02:23.400 --> 00:02:26.360
What we talked about last week, the Internet Crime Complaint Center,

36
00:02:26.400 --> 00:02:30.400
you can find these reports. I So that's I as

37
00:02:30.439 --> 00:02:34.199
an Indigo c as in KAT the number three dot gov.

38
00:02:36.039 --> 00:02:41.199
This is where you can also report crimes scams. Whether

39
00:02:41.240 --> 00:02:44.039
you've lost money or not, you can still report it.

40
00:02:44.639 --> 00:02:48.439
And this department of the FBI is a data collection

41
00:02:48.879 --> 00:02:52.599
and they collect all this information and then they disseminated

42
00:02:52.680 --> 00:02:57.000
out to the appropriate law enforcement wherever the crime has

43
00:02:57.080 --> 00:03:01.360
taken place. So, getting back to the twenty twenty four

44
00:03:02.360 --> 00:03:05.319
I see three annual report. I'm going to put up

45
00:03:05.319 --> 00:03:08.560
on a script on the screen here one called complaints

46
00:03:08.639 --> 00:03:13.400
filed by individual sixty plus And if you can see that,

47
00:03:14.479 --> 00:03:17.520
so and this is just in the year of twenty

48
00:03:17.680 --> 00:03:22.039
twenty four, and just for the sixty year old and

49
00:03:22.199 --> 00:03:26.479
older age population, and this is all throughout the United States,

50
00:03:26.879 --> 00:03:31.400
there was over one hundred and forty seven thousand complaints.

51
00:03:31.840 --> 00:03:36.599
And of those complaints or of those complaints, they lost

52
00:03:36.639 --> 00:03:42.159
a combined total of four point eight eight five billion

53
00:03:42.400 --> 00:03:43.120
in losses.

54
00:03:43.199 --> 00:03:45.599
That's b as in boy billion.

55
00:03:46.759 --> 00:03:50.360
Now in twenty twenty three, and you can see from

56
00:03:50.400 --> 00:03:52.919
the graph below. The graph below goes all the way

57
00:03:53.120 --> 00:03:58.520
from twenty eighteen through twenty twenty four. So in twenty

58
00:03:58.599 --> 00:04:03.960
twenty three the complaints were just over one hundred and

59
00:04:04.039 --> 00:04:06.479
one thousand, and they went all the way up to

60
00:04:06.800 --> 00:04:10.199
just over one hundred and forty seven thousand in one year.

61
00:04:10.439 --> 00:04:16.279
That's a forty six percent increase. And the losses in

62
00:04:16.319 --> 00:04:20.560
twenty and twenty three they were around three point four billion,

63
00:04:21.519 --> 00:04:25.240
and they're up to four point eighty eight five billion,

64
00:04:25.439 --> 00:04:29.439
just shy of five billion dollars. That's a forty three

65
00:04:29.639 --> 00:04:35.639
percent increase in losses from twenty twenty three to twenty

66
00:04:35.759 --> 00:04:38.800
twenty four. Now, of those one hundred and forty seven

67
00:04:38.839 --> 00:04:44.680
thousand complaints, there were seventy five hundred that lost more

68
00:04:44.720 --> 00:04:48.759
than one hundred thousand dollars in the scam that they

69
00:04:48.800 --> 00:04:51.600
were reporting, And if we want to average all of

70
00:04:51.639 --> 00:04:57.240
this out, the average loss was eighty three thousand dollars.

71
00:04:58.800 --> 00:05:02.399
So this is this is just crazy. This is going

72
00:05:02.879 --> 00:05:08.519
way up, and we need to really take a hard

73
00:05:08.639 --> 00:05:17.040
look at at prevention tools and at ROSE, we firmly

74
00:05:17.079 --> 00:05:22.199
believe that the best prevention is education.

75
00:05:23.120 --> 00:05:24.079
Its awareness.

76
00:05:24.399 --> 00:05:28.360
It's education, and then it's knowing how to protect yourself

77
00:05:28.879 --> 00:05:31.920
and then knowing that it's okay to talk about scams.

78
00:05:32.439 --> 00:05:35.959
Whether you've received something and you've fallen victim or you

79
00:05:36.040 --> 00:05:39.399
haven't fallen victim, it's good to talk about it because

80
00:05:40.680 --> 00:05:43.839
it makes your family and friends more aware of what's

81
00:05:43.879 --> 00:05:49.199
going on. But it also helps everyone involved keep scam

82
00:05:49.279 --> 00:05:57.560
prevention top of mind. So if we break that down,

83
00:05:57.839 --> 00:06:01.879
we're going to go to another chart called three year comparison.

84
00:06:02.079 --> 00:06:06.160
The sixty year old population complaint losses. So this is

85
00:06:06.199 --> 00:06:09.519
where they compare from twenty twenty two, twenty three, and

86
00:06:09.600 --> 00:06:13.959
twenty four based on the type of crime that was committed.

87
00:06:14.000 --> 00:06:18.920
And I've highlighted some numbers here. So the investment scam

88
00:06:19.120 --> 00:06:23.240
was by far the one in this age population where

89
00:06:23.240 --> 00:06:26.399
the most money was lost. In twenty four it was

90
00:06:26.519 --> 00:06:33.040
one point eight billion dollars and that is almost doubled

91
00:06:33.120 --> 00:06:35.920
from twenty twenty two. It was nine hundred and ninety

92
00:06:36.000 --> 00:06:41.600
thousand in twenty and twenty two. Now, those are investment schemes.

93
00:06:41.639 --> 00:06:47.600
So we've talked about pig butchering before, where you know,

94
00:06:47.639 --> 00:06:51.920
the scammer establishes the relationship but then gets you to

95
00:06:52.079 --> 00:06:55.680
invest in crypto and you think you're getting all you're

96
00:06:55.720 --> 00:06:58.480
making all of this money, and you're not because when

97
00:06:58.519 --> 00:07:00.759
you want to go take it out, it's not there

98
00:07:00.920 --> 00:07:04.199
and the scammer's not there. So there's a lot of

99
00:07:04.480 --> 00:07:08.519
lot of dollars in this age population loss to investment scams.

100
00:07:08.680 --> 00:07:11.160
And you can see the other dollar amounts for all

101
00:07:11.199 --> 00:07:14.120
the other ones. There's you know, confidence in romance fraud

102
00:07:14.240 --> 00:07:19.879
was about three hundred and ninety thousand. Government impersonation was

103
00:07:19.959 --> 00:07:23.480
just over two hundred two hundred I should say two

104
00:07:23.560 --> 00:07:28.319
hundred billion. The Romance and confidence fraud was just under

105
00:07:28.360 --> 00:07:32.720
three hundred and ninety billion. What are some other ones

106
00:07:32.759 --> 00:07:36.560
on here? Personal data breach two hundred and fifty four billion.

107
00:07:37.560 --> 00:07:40.879
But if you look down towards the bottom, there's tech support.

108
00:07:42.120 --> 00:07:44.839
And in twenty and twenty two those losses were five

109
00:07:44.959 --> 00:07:50.240
hundred and just shy of five hundred and eighty six billion,

110
00:07:52.199 --> 00:07:54.639
and all the way up to twenty and twenty four

111
00:07:54.800 --> 00:07:58.480
it reaches nine hundred and eighty two billion dollars.

112
00:07:58.519 --> 00:08:00.079
So between the investment and.

113
00:08:01.639 --> 00:08:07.160
The tech support, we're looking at two what is this?

114
00:08:07.480 --> 00:08:10.680
I'm doing the math in my head, so two point

115
00:08:10.680 --> 00:08:15.720
eight just over two point eight billion dollars?

116
00:08:21.240 --> 00:08:22.920
Or was it am I adding?

117
00:08:23.000 --> 00:08:28.000
Yeah, over two point eight billion dollars just in those

118
00:08:28.079 --> 00:08:32.399
two scams alone. And so we've talked about the tech

119
00:08:32.440 --> 00:08:35.679
support before as well. You know, when that first came out,

120
00:08:36.240 --> 00:08:39.440
everybody realized that it was the pop up on your

121
00:08:39.440 --> 00:08:42.600
device that talked about you have a virus.

122
00:08:42.320 --> 00:08:44.480
And call us and we can help you get this

123
00:08:44.600 --> 00:08:45.360
off your device.

124
00:08:47.240 --> 00:08:50.679
Well, you know, scammers, as they do, they evolve and

125
00:08:52.279 --> 00:08:55.759
they go to then impersonating you might get an email

126
00:08:56.000 --> 00:09:01.159
from a scammer, but they're impersonating some larger tech support

127
00:09:01.200 --> 00:09:05.720
company like Microsoft or McAfee or the Geek Squad or

128
00:09:05.799 --> 00:09:09.279
something like that, and they might be talking to you

129
00:09:09.320 --> 00:09:12.799
about a subscription, or they could be saying that they've

130
00:09:12.960 --> 00:09:16.320
noticed some unusual activity or that you could have some malware,

131
00:09:16.600 --> 00:09:17.519
you know, whatever.

132
00:09:17.240 --> 00:09:18.600
They've upped their game, you know.

133
00:09:18.639 --> 00:09:21.200
But then a few years back, the FBI had put

134
00:09:21.240 --> 00:09:24.360
out a public service announcement because they were seeing such

135
00:09:24.360 --> 00:09:29.639
an uptick in a different a different tech support which

136
00:09:29.679 --> 00:09:32.120
is where they would get a hold of you again,

137
00:09:32.240 --> 00:09:37.279
impersonating you know, McAfee, Microsoft, one of these larger, more

138
00:09:37.320 --> 00:09:40.360
well known tech support companies, and say that you were

139
00:09:40.399 --> 00:09:44.919
owed a refund on a subscription. And if you had

140
00:09:45.000 --> 00:09:49.320
happened to have a subscription with whoever they were impersonating it,

141
00:09:49.320 --> 00:09:50.879
it made it all the more believable.

142
00:09:50.960 --> 00:09:52.679
And they would get you to.

143
00:09:55.279 --> 00:09:59.120
Allow them access to your computer and they would go

144
00:09:59.159 --> 00:10:02.240
in and put it, you know, put it in your account.

145
00:10:02.320 --> 00:10:03.279
I'm saying that in.

146
00:10:03.240 --> 00:10:07.000
Quotes because they would show that it's going into your account.

147
00:10:07.080 --> 00:10:09.519
But then lo and behold, they put too many zeros

148
00:10:09.559 --> 00:10:11.679
in there. To the left of the decimal point, and

149
00:10:12.039 --> 00:10:14.840
then it went into this whole thing about how they're

150
00:10:14.840 --> 00:10:17.200
going to get in so much trouble they might get fired,

151
00:10:17.240 --> 00:10:19.519
and so you had to go get the money and

152
00:10:19.600 --> 00:10:23.279
send it back, and then a couple days later you

153
00:10:23.360 --> 00:10:25.600
found out that money was never in your account to

154
00:10:25.679 --> 00:10:28.879
begin with, and so you were out all of that money.

155
00:10:29.559 --> 00:10:32.200
So the tech support's been going on for a long time.

156
00:10:32.240 --> 00:10:35.120
It's been one in the top three with this age population,

157
00:10:35.320 --> 00:10:38.559
and it still is. The romance scams used to be

158
00:10:38.600 --> 00:10:40.960
in the top three years ago, but they've come down some.

159
00:10:41.080 --> 00:10:43.799
They're still out there, but they've come down. But this

160
00:10:43.919 --> 00:10:46.759
investment one, if you can see down all the way

161
00:10:46.840 --> 00:10:50.679
down at the bottom of the table, the cryptocurrency, there

162
00:10:50.799 --> 00:10:57.240
was two point eight billion dollars loss to cryptocurrency. That

163
00:10:57.440 --> 00:11:00.759
was the that was the medium that the scammer used

164
00:11:00.759 --> 00:11:04.440
in order to get your money. So and it was

165
00:11:04.799 --> 00:11:07.320
you know, whether it was investing in what you thought

166
00:11:07.440 --> 00:11:11.799
was legitimate cryptocurrency or some other scam where they would

167
00:11:11.840 --> 00:11:15.320
have you actually go to a cryptocurrency ATM machine and

168
00:11:15.399 --> 00:11:18.799
put your money in there. So now I want to

169
00:11:18.799 --> 00:11:22.360
take those numbers and I want to break them down

170
00:11:22.440 --> 00:11:26.399
to the state of Arizona because that's where Rose operates

171
00:11:27.200 --> 00:11:30.120
right now, and we want to see what this looks like.

172
00:11:30.200 --> 00:11:33.039
So the next chart I want to show is the

173
00:11:33.120 --> 00:11:37.480
overall state statistics, the counts by state from complaints filed

174
00:11:37.519 --> 00:11:45.600
by individuals. So once again Arizona is in the top ten.

175
00:11:46.000 --> 00:11:47.919
This is not a statistic that we want to be

176
00:11:47.960 --> 00:11:51.000
in the top ten and we want to be down

177
00:11:51.799 --> 00:11:54.039
and actually it shows there's fifty seven of them here,

178
00:11:54.080 --> 00:11:58.600
so we want to be number fifty seven. Anyways, we're

179
00:11:58.679 --> 00:12:02.120
number four again. This you guys remember from twenty twenty

180
00:12:02.159 --> 00:12:06.879
three there were just over fifty five hundred complaints filed. Again,

181
00:12:07.000 --> 00:12:10.559
same age population sixty year old and older. Well, in

182
00:12:10.600 --> 00:12:16.759
twenty four there was just under sixty seven hundred complaints filed.

183
00:12:17.759 --> 00:12:21.799
California was number one, Florida's number two, Texas is number three.

184
00:12:22.080 --> 00:12:26.120
I will say we usually do run behind those three.

185
00:12:26.159 --> 00:12:31.600
They usually are the top three. But you know, Pennsylvania

186
00:12:31.639 --> 00:12:33.879
and New York they're down there. I would have expected

187
00:12:34.159 --> 00:12:36.200
New York to be a little bit higher. But good

188
00:12:36.200 --> 00:12:41.480
for them that they're, you know, number six, but Arizona

189
00:12:41.679 --> 00:12:45.440
number seven. No, we are number seven, number four. We

190
00:12:45.519 --> 00:12:48.320
need to really really work hard and we need to

191
00:12:48.399 --> 00:12:53.320
bring this victim count down a lot, and again, scam

192
00:12:53.399 --> 00:12:58.000
prevention through education is really the best way that Rose

193
00:12:58.039 --> 00:13:02.360
believes in order to start making a dent in these numbers.

194
00:13:02.399 --> 00:13:05.600
So let's see how much money those sixty six hundred

195
00:13:05.639 --> 00:13:10.759
and eighty three victims loss. The overall state statistics with

196
00:13:10.879 --> 00:13:15.200
the losses by state is the next chart I'm going

197
00:13:15.279 --> 00:13:23.440
to show. And that one we are number six. You

198
00:13:23.480 --> 00:13:27.759
can see California's number one, Texas, Florida, and they're New York.

199
00:13:27.879 --> 00:13:30.120
So New York was it was interesting. New York was

200
00:13:31.440 --> 00:13:34.759
number six in number of victims, but they are number

201
00:13:34.759 --> 00:13:39.960
four in number of losses, where Arizona was number four

202
00:13:40.000 --> 00:13:44.200
in number of victims, and we are Arizona is number

203
00:13:44.279 --> 00:13:54.159
six in amount of losses one hundred and ninety million dollars. Now,

204
00:13:54.960 --> 00:13:57.840
if you remember when we've talked about this before, in

205
00:13:57.879 --> 00:14:04.320
twenty twenty, the sixty plus residents of Arizona that reported

206
00:14:04.360 --> 00:14:08.720
they were a victim, it was twenty seven million dollars,

207
00:14:08.759 --> 00:14:11.120
and then it went to fifty four million in twenty

208
00:14:11.240 --> 00:14:15.000
twenty one, then eighty three million in twenty twenty two,

209
00:14:15.919 --> 00:14:19.519
one hundred and twenty eight million in twenty and twenty three.

210
00:14:20.039 --> 00:14:23.480
Now we're up to one hundred and ninety million dollars

211
00:14:23.559 --> 00:14:25.200
that was reported lost.

212
00:14:26.120 --> 00:14:26.799
This is.

213
00:14:28.240 --> 00:14:35.039
People's life savings, and you know, whatever the scam is,

214
00:14:35.360 --> 00:14:42.240
it's devastating. The scammers exploit their victims emotions and get

215
00:14:42.279 --> 00:14:46.080
them to make rash decisions based on emotions, because we

216
00:14:46.200 --> 00:14:48.320
know that if we were making a decision based on

217
00:14:48.440 --> 00:14:52.960
rational thought, there's a very good chance we would not

218
00:14:53.159 --> 00:14:56.120
have done what the scammer had asked us to do.

219
00:14:58.440 --> 00:15:02.720
So scammers are getting much much better, and they're going

220
00:15:02.759 --> 00:15:06.240
to continue to get better because you can see the

221
00:15:06.279 --> 00:15:12.720
amount of money that they are making. Just to give

222
00:15:12.720 --> 00:15:17.759
you an idea for all age populations that reported they

223
00:15:17.759 --> 00:15:21.200
were a victim in twenty twenty four, I believe the

224
00:15:21.240 --> 00:15:27.360
total losses were sixteen point six billion dollars, up from

225
00:15:27.440 --> 00:15:29.600
about twelve and a half billion.

226
00:15:29.639 --> 00:15:31.799
I believe it wasn't twenty twenty three.

227
00:15:32.200 --> 00:15:32.360
So.

228
00:15:34.159 --> 00:15:37.519
Lots of money out there. These scammers are making billions

229
00:15:37.559 --> 00:15:40.240
and billions, if not close to trillions of dollars. They

230
00:15:40.279 --> 00:15:44.080
are going to just continue to evolve their techniques, perfect

231
00:15:44.080 --> 00:15:50.440
their techniques. They're changing and adapting to all this new

232
00:15:50.480 --> 00:15:54.559
technology that's coming out right. We've talked about artificial intelligence.

233
00:15:55.200 --> 00:15:57.440
They have figured out how to use it to their

234
00:15:57.480 --> 00:16:03.919
advantage with the using the generative text like chat GBT

235
00:16:04.279 --> 00:16:07.120
to create their emails, to create their letters.

236
00:16:07.519 --> 00:16:08.440
And yes, they.

237
00:16:08.279 --> 00:16:10.759
Will still send stuff in the mail, not as much

238
00:16:10.759 --> 00:16:13.399
as they used to, but they still do. And so

239
00:16:13.519 --> 00:16:16.480
the bad grammar part of it, you really can't look

240
00:16:16.519 --> 00:16:17.399
for that anymore.

241
00:16:18.639 --> 00:16:21.559
But they also use the deep fakes with the videos.

242
00:16:21.240 --> 00:16:24.000
Where in the romance scam they wouldn't come on camera

243
00:16:24.080 --> 00:16:27.120
because they knew what they look like wasn't like the

244
00:16:27.159 --> 00:16:30.399
pictures that they'd been sending you, so they wouldn't come

245
00:16:30.440 --> 00:16:33.440
on camera. Well, now they can make that. They can

246
00:16:33.480 --> 00:16:36.080
make it seem like you are actually talking to the

247
00:16:36.120 --> 00:16:39.600
person in the pictures when it's really them behind it.

248
00:16:40.320 --> 00:16:45.120
And then THEDEO of the audio they need and I'm

249
00:16:45.120 --> 00:16:47.320
not exactly sure how much, but I think it's around

250
00:16:47.320 --> 00:16:51.759
fifteen twenty second audio recording of someone's voice and they

251
00:16:51.759 --> 00:16:56.360
can get all the different fluctuations in the voice to

252
00:16:56.480 --> 00:16:59.200
then turn around and make that voice say what they

253
00:16:59.240 --> 00:17:04.599
wanted to say. So you get a call. And with

254
00:17:04.680 --> 00:17:07.359
the Grandparents scam, remember when they first started that, they

255
00:17:07.359 --> 00:17:10.680
didn't even know if you had grandchildren. Well, then they

256
00:17:10.680 --> 00:17:13.039
were able to figure that out through a variety of

257
00:17:13.079 --> 00:17:16.880
different tools online and then what your grandkid's names were.

258
00:17:18.319 --> 00:17:20.119
But then a lot of people would say, well, I

259
00:17:20.200 --> 00:17:23.440
knew it wasn't my grandchild because it wasn't their voice. Well,

260
00:17:23.480 --> 00:17:28.160
now with this AI voice recording, the voice sounds like

261
00:17:28.200 --> 00:17:32.319
your grandchild, which makes it even more difficult to decipher

262
00:17:32.359 --> 00:17:35.480
what's going on and get you into that emotional state

263
00:17:36.039 --> 00:17:39.160
of fear for your grandchild that you want to do

264
00:17:39.279 --> 00:17:41.960
whatever's possible as quick as possible to help them out

265
00:17:42.359 --> 00:17:46.960
without stopping to think. So you can see from all

266
00:17:47.000 --> 00:17:50.240
this money that they're making that they aren't going to stop.

267
00:17:50.279 --> 00:17:53.640
They're going to keep perfecting. So this scam prevention through

268
00:17:53.759 --> 00:17:57.960
education program that Rose has is of the utmost importance.

269
00:17:58.359 --> 00:18:01.839
And it's not just having it won. It needs to

270
00:18:01.839 --> 00:18:05.079
be at a minimum once a year. You know, some

271
00:18:05.200 --> 00:18:07.880
places might want to have it twice a year, but

272
00:18:07.920 --> 00:18:10.920
a minimum of once a year. And then we have

273
00:18:10.960 --> 00:18:14.039
a wide variety of ways that you can keep up

274
00:18:14.039 --> 00:18:18.200
to date on things through social media, through newsletters, through

275
00:18:18.240 --> 00:18:23.799
this radio show, lots of different ways. So one of

276
00:18:23.799 --> 00:18:29.519
the things they put in this annual report is the

277
00:18:29.640 --> 00:18:33.680
cryptocurrency fraud for twenty twenty four and I wanted to

278
00:18:33.720 --> 00:18:41.599
share this this this page with you guys, and this

279
00:18:41.759 --> 00:18:46.440
is for these statistics are for all of the age populations.

280
00:18:46.519 --> 00:18:48.960
You can see the different age ranges. In the middle

281
00:18:49.000 --> 00:18:53.519
there under complaints referencing cryptocurrency. And this is going to

282
00:18:53.519 --> 00:18:56.039
be when somebody files a complaint and they said they

283
00:18:56.079 --> 00:19:02.359
have either invested in cryptocurrency or they paid in cryptocurrency.

284
00:19:03.960 --> 00:19:06.960
The crime involves cryptocurrency somehow.

285
00:19:07.039 --> 00:19:07.680
So at the.

286
00:19:07.559 --> 00:19:10.880
Top there was just under one hundred and fifty thousand

287
00:19:10.960 --> 00:19:17.960
complaints totally nine point three billion in losses, so that

288
00:19:18.119 --> 00:19:22.160
was a sixty six percent increase in losses from twenty

289
00:19:22.359 --> 00:19:29.640
twenty three. And the largest age group for these losses

290
00:19:30.720 --> 00:19:34.119
the sixty plus population. If you look at that table,

291
00:19:34.920 --> 00:19:39.839
you know the the under twenty was seven million. Then

292
00:19:39.880 --> 00:19:42.000
we get up to the twenty to twenty nine is

293
00:19:42.039 --> 00:19:45.079
three hundred and seventy million. Thirty to thirty nine, it

294
00:19:45.079 --> 00:19:50.319
gets a little higher at just over a billion forty

295
00:19:50.400 --> 00:19:53.559
to age forty to forty nine is about half of

296
00:19:54.039 --> 00:19:57.599
what the sixty plus population, and then age fifty to

297
00:19:57.640 --> 00:20:00.759
fifty nine is a little lower than the forties, just

298
00:20:00.799 --> 00:20:03.960
over or just under one point two million, but the

299
00:20:04.039 --> 00:20:12.000
sixty plus population two point eight million dollars in cryptocurrency.

300
00:20:12.039 --> 00:20:15.440
And you can look at the graph below, so the

301
00:20:15.480 --> 00:20:20.880
red bars vertical bars are the amount of losses and

302
00:20:20.960 --> 00:20:24.880
you can see the look at how little those how

303
00:20:24.880 --> 00:20:27.680
small those red bars are in twenty seventeen, which is

304
00:20:27.680 --> 00:20:30.880
the first one, eighteen nineteen twenty, then it starts to

305
00:20:30.920 --> 00:20:34.359
creep up in twenty one. It pretty much doubles in

306
00:20:34.480 --> 00:20:38.440
twenty two, goes up a little bit more in twenty three,

307
00:20:38.559 --> 00:20:40.920
and now look at this big jump in twenty twenty

308
00:20:41.000 --> 00:20:46.359
four and then the it looks green on the screen,

309
00:20:47.880 --> 00:20:53.319
but the line and that's the amount of the number

310
00:20:53.319 --> 00:20:58.000
of complaints. So again it's shot up from twenty seventeen

311
00:20:58.039 --> 00:21:01.160
to eighteen, and then it kind of mad steady from

312
00:21:01.240 --> 00:21:04.200
eighteen to nineteen to twenty to twenty one, and then

313
00:21:04.240 --> 00:21:07.359
it starts going up again in twenty two and twenty

314
00:21:07.400 --> 00:21:09.319
three it goes up a little bit, but then it

315
00:21:09.359 --> 00:21:14.000
shoots way up for twenty twenty four. So this is

316
00:21:14.039 --> 00:21:20.119
a cryptocurrency is has really come into play as a

317
00:21:20.160 --> 00:21:25.720
way that scammers want their money. And my understanding is

318
00:21:25.759 --> 00:21:28.519
with cryptocurrency is that when it first came out, it

319
00:21:28.680 --> 00:21:32.319
was pretty much anonymous, hence why the scammers liked it

320
00:21:32.359 --> 00:21:35.720
won they could get their money quickly, But then they

321
00:21:35.759 --> 00:21:40.960
also it was anonymous, so it made made it really

322
00:21:40.960 --> 00:21:44.279
difficult for law enforcement to try to find them. But

323
00:21:45.480 --> 00:21:48.279
my understanding is over these recent years is that with

324
00:21:48.400 --> 00:21:54.839
new technology available that law enforcement is able to that

325
00:21:54.920 --> 00:21:57.599
these crypto wallets are not as anonymous as they were,

326
00:21:57.680 --> 00:22:01.039
and law enforcement has better tools available to them to

327
00:22:01.119 --> 00:22:05.559
be able to find the criminals behind these crypto wallets.

328
00:22:06.359 --> 00:22:10.119
So just big thing to remember with cryptocurrency. If anybody

329
00:22:10.200 --> 00:22:14.200
asks you to pay in cryptocurrency, the answer is no.

330
00:22:15.480 --> 00:22:21.240
The only way you should be putting money through cryptocurrency

331
00:22:21.720 --> 00:22:25.759
is if you are in fact investing in cryptocurrency. But

332
00:22:25.960 --> 00:22:29.759
then you want to make sure that you have researched

333
00:22:30.039 --> 00:22:34.319
the cryptocurrency, you are comfortable with it, you know the

334
00:22:34.400 --> 00:22:37.880
risk involved, and that if you are going through a broker,

335
00:22:39.200 --> 00:22:43.759
you are using a reputable broker, and you are using

336
00:22:43.839 --> 00:22:47.640
a reputable cryptocurrency fund. I know they have a lot

337
00:22:47.640 --> 00:22:51.759
of different types. I don't even want to begin. I

338
00:22:51.799 --> 00:22:55.000
don't even know Bitcoin is one that I know it

339
00:22:55.319 --> 00:22:57.039
comes to mind, but I know there's a ton of

340
00:22:57.079 --> 00:23:00.319
other ones. So you really have to do your research,

341
00:23:00.599 --> 00:23:05.759
and you really have to be working with reputable cryptocurrency

342
00:23:05.799 --> 00:23:09.400
funds and reputable people in the cryptocurrency world.

343
00:23:09.640 --> 00:23:11.039
But if somebody is asking for.

344
00:23:11.039 --> 00:23:16.119
Payment for something in cryptocurrency, no, the hair on the

345
00:23:16.119 --> 00:23:17.640
back of your neck should be going up.

346
00:23:18.319 --> 00:23:19.559
That's a scam.

347
00:23:20.480 --> 00:23:24.240
So another table that the IC three put in was

348
00:23:24.279 --> 00:23:29.400
Cryptocurrency in Fraud trends to kind of see the different

349
00:23:29.440 --> 00:23:39.319
types of scams that are prevalent with cryptocurrency, and one

350
00:23:39.519 --> 00:23:43.839
is cryptocurrency currency investment. We talked about a couple slides

351
00:23:43.880 --> 00:23:49.480
ago about how the investment fraud was as far as

352
00:23:49.519 --> 00:23:51.559
the number of law the amount of losses was the

353
00:23:51.680 --> 00:23:54.640
number one with the sixty plus population. Well, if you

354
00:23:54.680 --> 00:23:59.720
look at this cryptocurrency investment schemes, the over sixty was

355
00:23:59.759 --> 00:24:04.759
one point six billion dollars out of that two point

356
00:24:04.799 --> 00:24:09.000
eight that we talked about on the on the page before.

357
00:24:12.759 --> 00:24:15.559
So in the end, the FBI has actually put out

358
00:24:15.559 --> 00:24:20.039
a warning because they've seen spikes in these cryptocurrency investment schemes.

359
00:24:21.119 --> 00:24:23.279
One of them, which is the pig butchering one that

360
00:24:23.319 --> 00:24:26.240
we talked about just a little bit ago. Another one

361
00:24:26.400 --> 00:24:30.079
is the cryptocurrency ATMs in Kiosks. Now we've talked about

362
00:24:30.119 --> 00:24:33.279
that as well, where the scammer wants you to, you know,

363
00:24:33.440 --> 00:24:38.319
send the money via these cryptocurrency ATMs. There was the

364
00:24:38.440 --> 00:24:42.519
sixty plus population there were They lost over one hundred

365
00:24:42.559 --> 00:24:47.960
and seven million dollars with that, and again there's a

366
00:24:48.000 --> 00:24:51.400
warning down there, The FBI warns of fraudulent schemes leveraging

367
00:24:51.440 --> 00:25:00.000
cryptocurrency ATMs or QR codes to facilitate payments. So breaking

368
00:25:00.160 --> 00:25:04.599
that down even farther, the crime types most associated with

369
00:25:04.720 --> 00:25:10.680
cryptoatm use tech support. Now, that was the second most

370
00:25:10.759 --> 00:25:16.079
losses in the sixty plus population a couple of slides ago,

371
00:25:16.160 --> 00:25:18.640
So there was over one hundred and seven million dollars

372
00:25:18.759 --> 00:25:23.000
in tech support that was paid through a cryptocurrency ATM.

373
00:25:23.440 --> 00:25:27.480
Now they also have extortion and an investment and government

374
00:25:27.480 --> 00:25:30.640
and personation in there as well, but by far tech

375
00:25:30.720 --> 00:25:34.480
support is the largest. And then down at the bottom

376
00:25:34.880 --> 00:25:41.119
they have the extortion and sextortion by age group and

377
00:25:41.160 --> 00:25:46.400
basically that's malicious actors manipulating photos and videos to create

378
00:25:46.519 --> 00:25:51.480
explicit content content and sexual or let me start that over.

379
00:25:51.680 --> 00:25:56.960
Malicious actors manipulating photos and videos to create explicit content

380
00:25:57.119 --> 00:26:02.359
and sextortion schemes there is for the over sixty it

381
00:26:02.440 --> 00:26:04.680
was the out of all the age groups lost the

382
00:26:04.720 --> 00:26:07.440
most money with that's over seven hundred and twenty four

383
00:26:07.480 --> 00:26:13.440
million dollars. So wide variety of crimes and where cryptocurrency

384
00:26:13.599 --> 00:26:17.880
was the median in order to pay pay money over.

385
00:26:20.160 --> 00:26:23.880
So that's that's what I'm Those are the IC three

386
00:26:24.160 --> 00:26:26.480
schedules that I wanted to go over with you today.

387
00:26:26.839 --> 00:26:29.400
If you want to look at the whole report, it's

388
00:26:29.440 --> 00:26:32.559
all one report this year. There is no separate elder

389
00:26:32.599 --> 00:26:37.960
fraud report. It's at I isn't as an igloo c

390
00:26:38.119 --> 00:26:41.400
as in KAT the number three dot gov and just

391
00:26:41.440 --> 00:26:46.359
click on two thousand reports in twenty twenty four and

392
00:26:46.400 --> 00:26:49.319
it'll take you right to the report. But there isn't

393
00:26:49.440 --> 00:26:52.960
a public service announcement that the FBI had put out

394
00:26:54.119 --> 00:26:57.480
on August second of twenty twenty four. I know it's

395
00:26:57.960 --> 00:27:02.000
like nine months old almost yeah, it's about nine months old,

396
00:27:02.039 --> 00:27:04.279
but I still wanted to bring it to everybody's attention

397
00:27:04.400 --> 00:27:10.119
because and it's a safety concern related to recent trends

398
00:27:10.160 --> 00:27:15.839
in financial institution customer fraud scheme. So scammers are impersonating

399
00:27:15.920 --> 00:27:22.240
bank representatives to fraudulently obtain bank cards with the chips.

400
00:27:23.039 --> 00:27:25.759
So remember when we all first started with credit cards

401
00:27:25.759 --> 00:27:28.079
and debit cards, it was just the magnetic strip on

402
00:27:28.160 --> 00:27:31.359
the back that you swiped, and then they were more

403
00:27:31.680 --> 00:27:34.359
because that was not encrypted. They got more secure and

404
00:27:34.440 --> 00:27:39.880
the cards have those little chips in them. This is

405
00:27:39.920 --> 00:27:44.000
what this PSA is about those bank cards with those chips.

406
00:27:45.759 --> 00:27:49.680
So the safety concern here is that the impersonators, which

407
00:27:49.759 --> 00:27:54.079
are the scammers that are impersonating the bank representatives, are

408
00:27:54.240 --> 00:28:00.519
hiring accomplices to come to the customer's home. So I'm

409
00:28:00.559 --> 00:28:01.960
going to give you a little bit of background on

410
00:28:02.000 --> 00:28:05.599
how the scheme works. So the bank customers are contacted

411
00:28:06.160 --> 00:28:10.079
by phone from a number that caller ID indicates is

412
00:28:10.119 --> 00:28:12.839
from their bank. So it's going to come across and

413
00:28:12.920 --> 00:28:15.480
say you know that the scammers can make.

414
00:28:15.400 --> 00:28:17.720
It say whatever bank they want.

415
00:28:17.920 --> 00:28:21.279
That's going to come across, and then the scammer's going

416
00:28:21.359 --> 00:28:25.279
to ask about recent transactions, which will lead the customer

417
00:28:25.319 --> 00:28:28.720
to believe that there's fraudulent activity on their account because

418
00:28:28.720 --> 00:28:30.400
they're just going to make up a bunch, you know,

419
00:28:30.480 --> 00:28:33.519
different activity and you're going to be like, no, that

420
00:28:33.680 --> 00:28:36.640
wasn't me, that's that's fraud. No, that wasn't me, right,

421
00:28:37.279 --> 00:28:41.880
And so then the scammer advises the bank customers to

422
00:28:41.960 --> 00:28:46.279
cut up their bank card, but are instructed to leave

423
00:28:46.400 --> 00:28:50.039
the chip intact because it needs to come back to

424
00:28:50.119 --> 00:28:52.880
the bank, So don't cut the part of the cart

425
00:28:53.000 --> 00:28:58.880
up where the chip is. And then the scammer arranges

426
00:28:59.079 --> 00:29:04.960
for an accomplice, but they are also allegedly from the bank.

427
00:29:05.200 --> 00:29:08.920
They're posing as a bank employee to pick up the

428
00:29:09.000 --> 00:29:14.400
bank card with the chip intact from the customer's residence.

429
00:29:16.119 --> 00:29:16.960
And if.

430
00:29:18.240 --> 00:29:22.440
The scammers do not have the customer's pin number for

431
00:29:22.519 --> 00:29:27.880
their card, they will use social engineering techniques to obtain

432
00:29:27.960 --> 00:29:31.160
this from the customer. We've talked a lot about social

433
00:29:31.200 --> 00:29:36.160
engineering techniques. Right. They'll say they need to verify you

434
00:29:36.200 --> 00:29:38.200
know that it's you they're talking to before they can

435
00:29:38.240 --> 00:29:39.559
give any information out.

436
00:29:40.000 --> 00:29:40.400
And so.

437
00:29:42.440 --> 00:29:45.079
We need the pin on your card, right, kind of

438
00:29:45.240 --> 00:29:47.839
like a two factor authentication, but it's your pin number

439
00:29:47.880 --> 00:29:52.119
on the card. That's just one way that they could

440
00:29:52.599 --> 00:29:54.400
try to get the pin number from you. But they're

441
00:29:54.519 --> 00:29:57.200
very clever and crafty, so they'll have a variety of

442
00:29:57.240 --> 00:30:03.960
different reasons that they'll give you. So then It's been

443
00:30:04.039 --> 00:30:07.200
reported that if the customer has not already done so,

444
00:30:07.960 --> 00:30:11.279
the accomplice that comes to the house to pick the

445
00:30:11.319 --> 00:30:15.279
card up will assist the customer by cutting the card

446
00:30:15.319 --> 00:30:21.039
and leaving the chip intact before they take the card

447
00:30:21.119 --> 00:30:24.279
and the chip with them. Now, once the scammers have

448
00:30:24.400 --> 00:30:27.599
this chip, that's all they need is the chip and

449
00:30:27.680 --> 00:30:31.359
the pin number. They can steal funds from the customer

450
00:30:31.599 --> 00:30:35.480
from the customer's bank account. So it does say in

451
00:30:35.519 --> 00:30:39.720
this public service announcement that the impersonator. It's unknown how

452
00:30:39.720 --> 00:30:45.519
the impersonators were obtaining personal information, bank account information, names, addresses,

453
00:30:45.519 --> 00:30:49.960
all that, and it's believed at the time of August

454
00:30:50.039 --> 00:30:55.720
of twenty four that no specific age demographics are being targeted.

455
00:30:56.440 --> 00:30:58.920
So I thought this was just really important to get

456
00:30:58.920 --> 00:31:02.640
that out there. Just know that if you get a

457
00:31:02.680 --> 00:31:07.319
call or get any communication purporting to be from your bank,

458
00:31:09.119 --> 00:31:12.960
you don't rely on any information that's given to you,

459
00:31:13.079 --> 00:31:15.960
whether it's a text, a phone call, an email, something

460
00:31:16.000 --> 00:31:20.920
in the mail. You call the banks, your bank's verified

461
00:31:20.960 --> 00:31:24.680
phone number, or you actually go down to a banking

462
00:31:24.839 --> 00:31:28.880
branch and talk to somebody about it. That's your way

463
00:31:28.880 --> 00:31:36.240
to verify whether this information is accurate. Or not, and

464
00:31:36.400 --> 00:31:39.480
just be very careful somebody wanting you to cut up

465
00:31:39.519 --> 00:31:41.839
your card and then having somebody come pick it up

466
00:31:41.880 --> 00:31:44.960
saying that the bank needs it because they have that

467
00:31:45.079 --> 00:31:48.759
chip information and they have your pin number, they have

468
00:31:48.880 --> 00:31:50.119
access to your account.

469
00:31:51.400 --> 00:31:52.359
And so that's another thing.

470
00:31:52.400 --> 00:31:55.720
If you end up getting a new say you get

471
00:31:55.759 --> 00:31:57.640
a new debit card or you get a new bank

472
00:31:57.720 --> 00:32:02.720
card in your cutting years up to throw away, make

473
00:32:02.799 --> 00:32:07.319
sure you destroy the chip part in the card as well.

474
00:32:09.240 --> 00:32:09.559
You can.

475
00:32:09.799 --> 00:32:13.160
I'm sure you can always just take it to the

476
00:32:13.200 --> 00:32:18.640
bank itself and they will destroy it, but you can

477
00:32:18.640 --> 00:32:19.599
cut it up yourself.

478
00:32:19.720 --> 00:32:20.960
Or there's if you have a shredder.

479
00:32:21.000 --> 00:32:23.839
There's a lot of shredders now that have a specific

480
00:32:23.920 --> 00:32:26.359
slot where you can put cards in there and it

481
00:32:26.440 --> 00:32:28.880
shreds the cards. But you want to make sure that

482
00:32:29.000 --> 00:32:32.880
chip part of the card is destroyed. So that's all

483
00:32:32.880 --> 00:32:35.160
I have for you today. Remember, if you want to

484
00:32:35.160 --> 00:32:40.599
go look at the whole ice three twenty twenty four report,

485
00:32:40.720 --> 00:32:43.519
you go to I so I as an indigo, C

486
00:32:43.759 --> 00:32:48.079
isn't KAT three dot gov and go under I think

487
00:32:48.119 --> 00:32:52.519
it's under like public reports and then annual report for

488
00:32:52.559 --> 00:32:57.079
twenty twenty four. I also found this public service announcement

489
00:32:57.599 --> 00:33:01.640
on their website as well. You could just search for

490
00:33:02.359 --> 00:33:05.880
you know, public service FBI public service announcements and you'll

491
00:33:05.880 --> 00:33:09.359
be able to find it. Next week, I'm going to

492
00:33:09.440 --> 00:33:13.279
be off, but a guest host, Brian Watson, our community

493
00:33:13.319 --> 00:33:16.880
outreach specialist, will be We'll be here hosting next Tuesday,

494
00:33:17.240 --> 00:33:20.599
and he's going to be talking about how scams have

495
00:33:20.720 --> 00:33:25.920
evolved back from you know, twenty twenty or so years ago,

496
00:33:26.279 --> 00:33:29.119
how they started, and how they how they've evolved over

497
00:33:29.160 --> 00:33:30.920
the years. So it's going to be a great show.

498
00:33:31.279 --> 00:33:34.599
Make sure you tune in and listen to him next Tuesday,

499
00:33:34.839 --> 00:33:38.119
and don't forget you can find more resources our social

500
00:33:38.160 --> 00:33:42.119
media links and also sign up for our newsletters at

501
00:33:42.160 --> 00:33:44.359
the bottom of the homepage. We send one in the

502
00:33:44.359 --> 00:33:47.720
mail and we do one via email. Thank you for

503
00:33:47.799 --> 00:33:48.640
joining me today.

504
00:33:50.279 --> 00:33:53.279
Well that's all the knowledge for this episode. Juni in

505
00:33:53.480 --> 00:33:57.039
every Tuesday at eight am Pacific time on kfour HG

506
00:33:57.279 --> 00:34:01.640
Radio at KFOURHD dot com as joy explores a variety

507
00:34:01.720 --> 00:34:04.960
of knowledge, so you have the power to make scam

508
00:34:05.000 --> 00:34:09.360
protection your healthy habit and until then, feel free to

509
00:34:09.400 --> 00:34:12.440
reach out to Joyce and let's talk about scams