Surge in Crypto Scams: South Carolina’s Rising Internet Crime Rates

The FBI’s 2024 Internet Crime Complaint report indicates significant increases in internet crime, particularly within South Carolina, which ranked 22nd for complaints. Losses exceeded $16 billion nationally, with South Carolinians reporting $146 million in losses. Older individuals are particularly targeted by scammers, necessitating enhanced cybersecurity awareness and reporting measures.

The FBI’s Internet Crime Complaint Center has published its annual report revealing significant increases in internet crime losses across the U.S., exceeding $16 billion in 2024, a 33% rise from the previous year. South Carolina ranks 22nd in the nation for internet crime complaints, with residents reporting $146 million in losses, an increase of $27 million from 2023.

Individuals aged over 60 are particularly vulnerable to online scams, as noted by FBI spokesperson Kevin Wheeler, who stressed the importance of online safety practices. He urged South Carolinians to take appropriate precautions while using digital devices, given that online interactions are prevalent in modern life.

Bezalel Eithan Raviv, CEO of Lionsgate Network, highlighted that crypto phishing schemes are increasingly targeting retirees, employing advanced AI techniques for more effective outreach. Scammers entice victims with false promises of financial gains, particularly affecting those looking for supplemental income.

The FBI’s report identified the leading cybercrimes in South Carolina according to financial loss: business email compromises caused $40.8 million in losses (up from $30.6 million in 2023), investment fraud at $38.4 million (down from $42.5 million), and confidence/romance scams totaling $15.1 million (up from $11.3 million). Wheeler noted that underreporting is likely and encouraged victims to alert the authorities about their experiences.

To mitigate the risk of internet crimes, Wheeler recommended updating devices regularly to avoid viruses, changing passwords frequently, refraining from clicking unfamiliar links, and reporting suspicious activity to the FBI. Raviv added that individuals should avoid disclosing financial information or transferring money to unknown parties and recommended reaching out to law enforcement or Lionsgate Network promptly if incidents occur.

About Shanice Murray

Shanice Murray is a dynamic multimedia journalist with a passion for storytelling through various platforms. Originally from Jamaica, she completed her studies at the University of the West Indies before relocating to the United States to further her career in journalism. With over 10 years of experience in both print and digital media, Shanice has earned multiple awards for her innovative approaches to reporting on cultural issues and human interest stories.

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