FBI: Internet Crime Report 2023

The Internet Crime Complaint Center (IC3) plays an important role in the FBI’s investigations. IC3 provides the public with a direct mechanism to report cybercrime to the FBI, allowing us to collect data, advance investigations, and detect changes in the threat landscape. In 2023, IC3 received a record amount of complaints from the American people, totaling 880,418 complaints, with possible losses reaching $12.5 billion. This indicates a nearly 10% increase in complaints received and a 22% increase in losses incurred compared to 2022. As spectacular as these figures sound, we know these are conservative estimates for cybercrime in 2023. Consider that when the FBI recently entered the Hive ransomware group’s infrastructure, we discovered that only approximately 20% of Hive victims contacted law enforcement. More reporting from victims would mean superior insight for the FBI.

Over the last year, investment fraud was once again the most expensive type of crime tracked by IC3. Losses from investment frauds increased by 38%, from $3.31 billion in 2022 to $4.57 billion in 2023. The second-costliest type of crime was business e-mail compromise (BEC), with 21,489 complaints and $2.9 billion in total losses. Meanwhile, tech support frauds were the third-most costly type of crime identified by IC3. Notably, different age groups were influenced by various crimes. Victims aged 30 to 49 were the most likely to report losses from investment fraud, while the elderly accounted for more than half of losses from tech support frauds.

In 2023, ransomware incidents remained significant and costly. After a brief drop in 2022, ransomware incidents resumed, with over 2,825 reports. This represents an 18% increase over 2022. The reported losses increased by 74%, from $34.3 million to $59.6 million. Cybercriminals are always changing their tactics, and the FBI has noticed new ransomware trends, such as the employment of numerous ransomware variants against the same victim and the use of data-destruction strategies to put pressure on victims to negotiate.

Last year also witnessed significant advancements in law enforcement. The FBI’s dedication to supporting cyber victims and building relationships ensured the sustained success of IC3’s Recovery Asset Team (RAT). Established in 2018, RAT improves contacts between financial institutions and FBI field offices to make it easier to freeze victims’ funds. In 2023, IC3’s RAT launched the Financial Fraud Kill Chain (FFKC) on 3,008 occurrences, resulting in probable losses of $758.05 million. A monetary hold was put on $538.39 million, indicating a success rate of 71%.

As the cyber threat evolves, the FBI continues to appreciate people who report cyber occurrences to IC3. Information provided to the FBI aids our investigations. Your reporting is important to our ability to pursue adversaries, exchange intelligence with allies, and defend your fellow citizens. Cybersecurity is the ultimate team sport, and we’re fighting together. The FBI aims to improve digital security and collaborate with the public to combat cyber threats and prosecute criminals.

View FBI: Internet Crime Report 2023

Share This Post

More To Explore

Scroll to Top