VideoBitcoin ATM scams skyrocket — Week in security with Tony Anscombe==================================================================The schemes disproportionately victimize senior citizens, as those aged 60 or over were more than three times as likely as younger adults to fall prey to the scams [](/en/our-experts/editor/ ‘Editor’) [**Editor**](/en/our-experts/editor/ ‘Editor’)06 Sep 2024 Consumers in the United States lost more than $114 million to scams involving Bitcoin ATMs (BTMs) last year, with the figure soaring ten-fold from 2020, according to data released by the US Federal Trade Commission (FTC) this week. As consumers lost $65 million to these ploys in the first half of 2024 alone, this year is on track to top the losses from 2023. The FTC also found that the scams disproportionately victimize older people, as those aged 60 or over were more than three times as likely as younger adults to report a loss using a BTM.How do these scams work and how can you stay safe from them? Find out in the video.Connect with us on [Facebook](https://www.facebook.com/eset), [Twitter](https://twitter.com/ESET), [LinkedIn](https://www.linkedin.com/company/eset/) and [Instagram](https://www.instagram.com/eset/). *** ** * ** ***Let us keep youup to date—————————–Sign up for our newsletters Ukraine Crisis newsletter Regular weekly newsletter Subscribe #### Related Articles*** ** * ** ***[VideoStealing cash using NFC relay — Week in Security with Tony AnscombeVideoStealing cash using NFC relay — Week in Security with Tony Anscombe](/en/videos/stealing-cash-using-nfc-relay-week-in-security-with-tony-anscombe/ ‘Stealing cash using NFC relay – Week in Security with Tony Anscombe’) *** ** * ** ***[Video, Mobile SecurityExploring Android threats and ways to mitigate them -| Unlocked 403 cybersecurity podcast (ep. 5)Video, Mobile SecurityExploring Android threats and ways to mitigate them -| Unlocked 403 cybersecurity podcast (ep. 5)](/en/videos/exploring-android-threats-and-ways-to-mitigate-them-unlocked-403-cybersecurity-podcast-ep5/ ‘Exploring Android threats and ways to mitigate them | Unlocked 403 cybersecurity podcast (ep. 5)’) *** ** * ** ***[VideoPWA phishing on Android and iOS — Week in security with Tony AnscombeVideoPWA phishing on Android and iOS — Week in security with Tony Anscombe](/en/videos/pwa-phishing-on-android-and-ios-week-in-security-with-tony-anscombe/ ‘PWA phishing on Android and iOS – Week in security with Tony Anscombe’) ### Similar Articles[Scams5 scam prevention tips for seniors](/2019/12/09/5-scam-prevention-tips-seniors/ ‘5 scam prevention tips for seniors’)*** ** * ** ***[ScamsTop 10 scams targeting seniors — and how to keep your money safe](/en/scams/top-10-scams-seniors-how-keep-money-safe/ ‘Top 10 scams targeting seniors – and how to keep your money safe’)*** ** * ** ***[ScamsBitcoin scams, hacks and heists — and how to avoid them](/en/scams/bitcoin-scams-hacks-heists-protect-yourself/ ‘Bitcoin scams, hacks and heists – and how to avoid them’)*** ** * ** ***### Share Article[](https://www.facebook.com/sharer/sharer.php?u=https://www.welivesecurity.com/en/videos/bitcoin-atm-scams-skyrocket-week-security-tony-anscombe/ ‘Facebook’) [](https://www.linkedin.com/shareArticle?mini=true&url=https://www.welivesecurity.com/en/videos/bitcoin-atm-scams-skyrocket-week-security-tony-anscombe/ ‘LinkedIn’) [](https://twitter.com/intent/tweet?url=https://www.welivesecurity.com/en/videos/bitcoin-atm-scams-skyrocket-week-security-tony-anscombe/ ‘Twitter’) [](mailto:?&subject=I wanted you to see this site&body=https://www.welivesecurity.com/en/videos/bitcoin-atm-scams-skyrocket-week-security-tony-anscombe/ ‘mail’) [](https://www.welivesecurity.com/en/videos/bitcoin-atm-scams-skyrocket-week-security-tony-anscombe/ ‘copy’)  ### Discussion
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