A new report from the Consumer Federation of America highlights a significant rise in financial fraud affecting Americans. According to the data, losses attributed to online scams and digital criminal activity are projected to hit $148 billion by the end of 2025. This represents a sharp upward trend, marking a 26 percent increase in total losses over the span of a single year.

The report frames the rise in financial crime as a direct consequence of the increasing integration of artificial intelligence in illicit activities. While the report focuses on the total dollar amount lost by consumers, it does not detail specific breakdown categories of these scams, such as phishing, identity theft, or investment fraud. The data serves as a metric for the growing scale of digital financial threats facing the average American bank account holder. As digital platforms continue to evolve, the federation suggests that the speed and sophistication of these scams are outpacing current consumer protection measures, leading to the substantial year-over-year growth in reported losses.