"$10.3 Billion in Cyber Crime Losses Shatters Previous Totals"

The most recent FBI Internet Crime Report details over 800,000 cybercrime-related complaints filed in 2022. According to the report, total losses exceeded $10 billion, surpassing the $6.9 billion total for 2021, as reported by the FBI's Internet Crime Complaint Center (IC3). During the past five years, the IC3 received a total of 3.26 million complaints involving $27.6 billion in losses. In 2022, the top five cybercrime types were phishing (300,497 complaints), personal data breach (58,859 complaints), non-payment/non-delivery (51,679 complaints), extortion (39,416 complaints), and tech support (32,538 complaints). The FBI also provided overviews of threats, including Business Email Compromise (BEC), investment scams, ransomware, and call center fraud. For example, the IC3 received 21,832 BEC-related complaints in 2022, resulting in over $2.7 billion in losses. In BEC scams, fraudsters gain access to legitimate business email accounts through social engineering or hacking to facilitate unauthorized transfers of funds. This article continues to discuss key findings from the new FBI Internet Crime Report. 

Security Intelligence reports "$10.3 Billion in Cyber Crime Losses Shatters Previous Totals"