The Receipts Index
Receipt of the Week · No. 001 · 2026-07-11

The 2025 fraud numbers are in, and they are worse

Real numbers. No hype. Receipts.
~$21 billion
reported lost to cyber-enabled crime in the United States in 2025, per the FBI's Internet Crime Report released April 2026. That is reported losses, which means it is a floor, not a ceiling, because most fraud is never reported.

Every so often the official record catches up with what people have been feeling, and it is worth writing down plainly, with the source attached, before the number gets spun. The FBI's Internet Crime Complaint Center published its 2025 report this spring. Here is what it actually says.

What the record says

Total reported losses, 2025~$21 billion
Reported cryptocurrency losses$11 billion+
Losses reported by adults 60 and older~$7.7 billion
Change in older-adult losses vs 2024up ~37%
AI-enabled fraud complaints22,364
Reported losses from AI-enabled fraud~$893 million

Two things stand out. Crypto is now more than half of the total dollars, because it moves fast and is hard to claw back. And older adults are carrying the heaviest share and the fastest-growing one, which is not a coincidence, it is targeting.

What it means, honestly

The number is bigger, but the machine did not change. What changed is that the tools got cheaper and better, so the same old cons, the loved one in trouble, the guaranteed return, the urgent official, now arrive in a cloned voice or a fabricated video, at a scale one person could never have reached before. AI is why the line went up. It is not a new kind of scam. It is the old kinds, automated.

That is actually good news for your defense, because it means the things that worked still work. You do not have to out-detect a fake. You have to verify the request another way, refuse to pay under pressure, and treat any guaranteed return as a lie regardless of who seems to be saying it. The costume got better. The test did not change.

Reported losses are a floor, not a ceiling. The real number is higher, because shame keeps most of it off the books. That is exactly why writing the honest version down, and refusing to be ashamed, is part of the defense.

What to do about it this week

If you read one thing, set a family code word and agree that any urgent money call gets a callback on a known number. It is free, it takes five minutes, and it defeats a cloned voice completely. The plain guides, with nothing to sell you, are here: our one-page Family Phone-Scam Safety Card, the full guide When You Can't Trust the Voice, and the sourced answers in Money Answers. If it already happened to you or someone you love, start with After the Scam, Honestly.

Educational only, not financial, legal, or security advice. Figures are reported losses as published by the FBI's IC3 and are dated to that report; they will be revised and should be verified against the linked primary sources before being repeated. We hold no position and sell nothing here.