Summary: The FBI’s Internet Crime Complaint Center (IC3) released its 2024 Internet Crime Report. The report draws data from over 850,000 complaints of suspected internet crime reported to the FBI last year.
Analyst Note: In 2024, IC3 tracked potential losses exceeding $16 billion—a 33% increase in losses from 2023. The top three cyber crimes reported by victims in 2024 were phishing/spoofing, extortion, and personal data breaches. IC3 received more than 4,800 complaints from organizations belonging to critical infrastructure sectors, and the most reported cyber threats among critical infrastructure were ransomware and data breaches. The majority of losses were reported as investment fraud, specifically involving cryptocurrency, totaling over $6.5 billion.
It’s important to note that these numbers are based on reported statistics and, as the FBI states, as impressive as these figures appear, they are likely conservative about the state of cybercrime in 2024.
Original Source: https://www.ic3.gov/AnnualReport/Reports/2024_IC3Report.pdf
Additional Reading:
Related WaterISAC PIRs: 6, 6.1, 8, 10
