In 2024, cybercriminals have reportedly netted over $9 billion through various scams, with a notable surge in AI-driven fraud. This includes a 40% year-over-year increase in pig butchering scams, which alone accounted for $9.9 billion in stolen funds. The number of scam deposits has skyrocketed by 210%, indicating a rapid evolution in scamming techniques, including the use of AI deepfakes and automated interactions. Experts have warned that romance scams are particularly prevalent around Valentine's Day, with U.S. victims losing approximately $4.5 billion to such scams over the past decade. The rise of these scams coincides with increasing isolation and the growing use of generative AI by fraudsters. Additionally, reports suggest that crypto-related scams could reach a record $12.4 billion in 2024, further complicating the landscape of online fraud.