Nevada reports $302 million in cybercrime losses as online fraud continues to rise

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Nevada ranks among top states for cybercrime losses as online scams surge
Nevada ranks among top states for cybercrime losses as online scams surge

Cybercrime losses in Nevada reached more than $302 million in 2025, making the state the 3rd highest in the US for per-capita cybercrime losses, according to a new report. The findings highlight the growing financial impact of online fraud and digital scams across the state.

The report noted that cybercrime losses have increased every year since 2015 and are now 6.8 times higher than in 2020. Nevada recorded $9.2 million in cybercrime losses per 100,000 people, well above the national average of $6.1 million. Across the US, total cybercrime losses reached $20.9 billion in 2025.

Nevada also ranked among the highest for cybercrime complaints filed with the FBI’s Internet Crime Complaint Center (IC3), recording 407.2 complaints per 100,000 people compared to the national average of 295.1.

According to the report, high-net-worth individuals remain a major target for cybercriminals because of their financial assets and public visibility. Investment fraud was identified as the costliest cybercrime in Nevada, resulting in $108.4 million in reported losses. These scams included Ponzi schemes and cryptocurrency fraud.

Other major cybercrime categories included hacked or impersonated email accounts, which caused more than $26.4 million in losses, followed by tech-support scams at $20.1 million, personal data breaches at $18.1 million, and online extortion schemes at $17 million.

Commenting on the findings, James Rensvold, Executive Vice President and Director of Private Banking, said, “Nevada’s cybercrime losses have increased dramatically in recent years, underscoring how important it is for individuals and families to take proactive steps to protect themselves.”

He further added, “While cybercriminals are becoming more sophisticated, many attacks still rely on gaining trust. Preventive measures, such as using strong, unique passwords and preparing a response plan in advance, can help protect both your financial assets and personal information.”

The report recommends keeping software updated, enabling multi-factor authentication and creating a cyber incident response plan before an attack occurs. Victims are advised to immediately contact their bank, inform law enforcement and change passwords for affected accounts. The report also noted that embarrassment often prevents victims from reporting cybercrime, delaying recovery and increasing financial losses.

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