Tag: internet crime complaint center
FBI reports record cybercrime losses in 2023
The US Federal Bureau of Investigation reports that last year the Internet Crime Complaint Center (IC3) received a record number of complaints, with potential losses exceeding $12.5 billion. Although the figures for 2023 represent a 10 percent increase over 2022 and a 22 percent rise in losses suffered, the FBI fears that even this only represents the tip of a vast unseen iceberg of cybercrime. The report quotes the FBI’s recent infiltration of the Hive ransomware group, which discovered that only 20 percent of victims had reported the incidents to law enforcement authorities.