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Fraudsters swindled Russians out of over US$1.5 billion in 2024

Friday, 3 January 2025, 12:30
Fraudsters swindled Russians out of over US$1.5 billion in 2024
Stock photo: Getty Images

Online fraudsters swindled Russians out of US$1.6 billion between January and November 2024.

Source: Kremlin-aligned Russian news agency TASS, citing data from Russia's Interior Ministry

Details: "Cybercrime causes significant damage to the economy and citizens’ property rights," Russian Interior Minister Vladimir Kolokoltsev added.

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Over 702,000 cases of cybercrime were reported in Russia in the first 11 months of 2024, a 14.3% increase compared to the same period in 2023.

The growth rate of fraud cases has slowed significantly, dropping from 44% in 2023 to 9.2% in 2024.

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