FBI: Cybercrime Losses Surpassed $16.6 Billion in 2024

Summary: In 2024, reported cybercrime losses reached an alarming .6 billion, representing a 33% increase from the previous year, despite a slight decline in the number of complaints. Cyber-enabled fraud constituted nearly 83% of the losses, with phishing and extortion remaining the most prevalent attack types. The report underscores the growing financial impact of cybercrime, which now rivals major industries in the U.S.

Affected: FBI’s Internet Crime Complaint Center (IC3)

Keypoints :

• Overall reported cybercrime losses exceeded .6 billion in 2024, up 33% from 2023.
• Cyber-enabled fraud made up 83% of total losses, primarily due to social engineering attacks like phishing and extortion.
• Investment fraud resulted in the highest losses among complaint types, totaling over .57 billion.
• The FBI received complaints from 200 countries, with the U.S. accounting for over 102,000 of them.
• Ransomware and data breaches were the most significant threats reported by critical infrastructure organizations.