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The FBI’s Internet Crime Complaint Center has revealed a staggering increase in financial losses due to cybercrime in the United States, reaching an unprecedented $12.5 billion in 2023. This represents a 22 percent jump in losses over 2022.that according to the FBI’s 2023 Internet Crime Report, the number of complaints related to online criminal activities rose by 10 percent compared to the previous year, totaling 880,000 reports.
BEC scams, which involve the impersonation of legitimate businesses or individuals to divert payments or steal sensitive information, resulted in over $2.9 billion in losses from 21,489 complaints. The FBI noted a trend where fraudsters are increasingly utilizing cryptocurrency platforms to quickly disperse stolen funds.
Ransomware attacks, which cripple critical infrastructure sectors such as healthcare, manufacturing, government, and IT, resulted in at least $59.6 million in reported losses. However, the FBI acknowledges that this figure likely underestimates the true extent of ransom payments, as many incidents go unreported.
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