From ransom and kidnapping schemes to impersonation scams , fraudsters continue to find creative ways to separate victims from their money — and the losses can be devastating.

On Thursday, the IRS released its Criminal Investigation division’s FY 2025 Annual Report , identifying more than $10.59 billion in financial crimes between Oct. 1, 2024, and September 2025.

The total represents a staggering 15.7% increase over the same period last year.

“Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24,” the agency said in a statement.

Financial crime in 2025: By the numbers

The IRS saw an uptick in several major financial crime schemes, including cyber-related attacks, tax fraud and payroll schemes.

“The number of cases with a cyber co

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