Over $16 billion in losses reported to FBI in 2024 tied to computer crime

Summary: The FBI’s IC3 reported a record 860,000 complaints and .6 billion in losses from cybercrime in 2024, marking significant increases in both metrics. Fraud continued to dominate the losses while ransomware threats persisted, affecting critical infrastructure. The report highlights growing incidents of cybercrime, attributed to increased internet activity and better public awareness of reporting mechanisms.

Affected: FBI Internet Crime Complaint Center (IC3)

Keypoints :

• 860,000 complaints recorded in the past year, a 33% increase from 2023.
• Reported losses of .6 billion, termed “absolutely an underreported number” by FBI officials.
• Ransomware remains a critical concern, with the LockBit gang particularly highlighted as a major threat.
• Fraud schemes, particularly from Ghana and India, are designated as national threat priorities.
• Phishing and its variants topped the list of victim reports, with cryptocurrency-related losses significantly rising.