This past year, a record number of Americans reported becoming the victim of a cybercrime, according to the FBI's Internet Crime Complaint Center, which received more than 880,400 complaints.
In addition to the number of complaints being up 10% compared with the year prior, the total amount of losses in 2023 is expected to have increased by more than 20% and are projected to surpass $12 billion, according to FBI data.
While these numbers might be alarming, FBI Executive Assistant Director Timothy Langan explained they are likely conservative estimates and cybercrimes are likely much more pervasive.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
