"Cybercrime Losses Exceeded $10 Billion in 2022: FBI"

According to the Internet Crime Complaint Center (IC3), the FBI received more than 800,000 cybercrime-related complaints in 2022, with losses totaling over $10 billion.  Recently the IC3 published their 2022 Internet Crime Report showing that while the number of complaints was smaller compared to 2021, losses increased from $6.9 billion to $10.3 billion.  In the past five years, the FBI received a total of 3.26 million complaints for $27.6 billion in losses.  According to the IC3, the top five types of cyber-related crimes in 2022 were phishing (300k complaints), personal data breach (58k complaints), non-payment/non-delivery scams (51k), extortion (39k), and tech support scams (32k).  More than 21,000 complaints were related to business email compromise (BEC) attacks, with $2.7 billion in losses.  According to the IC3, their Recovery Asset Team (RAT) has managed to help many victims of BEC attacks recover their funds.  In 2022, investment scams exceeded BEC in terms of losses, with $3.31 billion reported, which was a 127% increase compared to 2021.  A significant chunk of the total was blamed on cryptocurrency investment fraud, which increased from $907 million in 2021 to $2.57 billion in 2022.  As for ransomware attacks, the FBI received more than 2,300 complaints last year, with adjusted losses reaching more than $34 million.  Over 800 of these complaints came from organizations across 14 of the 16 critical infrastructure sectors.  The IC3 noted that the most targeted, with over 100 incidents each, were the healthcare, critical manufacturing, government facilities, and IT sectors.  The ransomware operations most commonly seen targeting critical infrastructure were LockBit, BlackCat, and Hive.  According to the report, call center fraud, which includes tech support and government impersonation scams, had 44,000 victims, with losses exceeding $1 million.

SecurityWeek reports: "Cybercrime Losses Exceeded $10 Billion in 2022: FBI"