U.S. Online Crime Losses Hit Record $12.5 Billion in 2023, FBI Reports

The surge in online crime, led by investment scams and ransomware attacks, marks a 22% increase in financial losses compared to 2022.

The FBI's 2023 Internet Crime Report reveals a 22% increase in financial losses from online crime, totaling $12.5 billion.
Investment scams, particularly in cryptocurrency, were the most financially damaging, with losses amounting to $4.57 billion.
Ransomware attacks on critical infrastructure sectors, including healthcare and manufacturing, resulted in over $59.6 million in losses.
Business Email Compromise (BEC) scams also saw significant losses, totaling over $2.9 billion from 21,489 complaints.
The FBI's Recovery Asset Team has been successful in freezing over $71% of stolen funds in incidents it handled, totaling $538.4 million.