"FBI: US Lost Record $12.5 Billion to Online Crime in 2023"
"FBI: US Lost Record $12.5 Billion to Online Crime in 2023"
The Federal Bureau of Investigation's (FBI) Internet Crime Complaint Center (IC3) has released its 2023 Internet Crime Report, revealing a 22 percent increase in reported losses compared to 2022, totaling a record $12.5 billion. The number of relevant complaints received by the FBI in 2023 reached 880,000, a 10 percent increase over the previous year. Business Email Compromise (BEC), investment fraud, ransomware, and tech/customer support and government impersonation scams caused the most financial losses in the US last year.