FBI Reports Record $12.5 Billion Loss to Online Crime in 2023

The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 Internet Crime Report, revealing a significant increase in reported losses to online crime, totaling $12.5 billion. This marks a 22% surge compared to 2022, with 880,000 complaints submitted in 2023, highlighting the vulnerability of individuals over 60 to cybercrime. The report identifies tech support scams and extortion as rising threats, while investment scams led to the highest losses. Additionally, ransomware attacks impacted critical sectors like healthcare and government, emphasizing the ongoing challenges posed by cybercriminal activities

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