In 2013 how much money was lost by Nigerian scams?

In 2013, approximately $12.7 billion was lost to Nigerian scams. This staggering amount can be attributed to various factors. Nigerian scams, also known as 419 scams, typically involve fraudulent emails or letters promising large sums of money in exchange for assistance or bank account details. These scams prey on individuals' trust and gullibility, often presenting elaborate stories and fake identities to deceive victims. Moreover, the widespread use of technology, such as the internet and email, allows scammers to reach a broader audience, increasing the potential for financial losses on a global scale. The combination of sophisticated methods, persuasive tactics, and the sheer number of victims falling for these scams explains the significant financial impact observed in 2013.