Posted 3/6/2024, 9:27:00 PM
Online Scams Cost Victims Record $12.5 Billion in 2023, Cryptocurrency Fraud and Ransomware Attacks Driving Losses
- Record $12.5 billion in losses from online scams reported to the FBI in 2023, a $2 billion increase from 2022
- Over $4.5 billion lost was due to investment scams involving fake cryptocurrency schemes
- Reported losses from ransomware attacks jumped from $34 million in 2022 to $59 million in 2023
- Health care sector had the most ransomware incidents in 2023 with 249 cases
- Article notes that many victims do not report scams so numbers are underrepresentations