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Americans are being cyberscammed out of billions and few are getting their money back

Source: Fast Company TechAssociated PressOctober 27, 2026
Read the full story at Fast Company Tech

A Joint Economic Committee investigation led by Senate Democrats found that the U.S. government lacks unified accounting of seized assets from overseas scam operations and has no comprehensive strategy for victim recovery. The report highlights how criminal organizations operate large compounds using AI-powered scams targeting Americans, with limited interagency coordination and voluntary private-sector engagement. While the FBI returned $336 million and the FTC $1.83 billion to fraud victims in 2025, the report calls for stronger federal collaboration and enhanced victim support.

Key points

  • Congressional report reveals fragmented U.S. government response to AI-powered cyberscams.
  • No unified tracking of seized funds or victim restitution across agencies.
  • FBI returned $336 million; FTC returned $1.83 billion to fraud victims in 2025.

Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Fast Company Tech did the reporting; read the original for the full story.

Read the full story at Fast Company Tech

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