Americans Lost $12.5 Billion to Online Fraud Last Year, FBI Reveals

The FBI's annual Internet Crime Complaint Center (IC3) report reveals American citizens lost tremendous amounts of money to cybercrime – $12.5 billion from fraud alone. Over the last five years, the IC3 has received an average of 758,000 complaints per year, addressing a wide array of internet scams affecting individuals across the globe. Of the 880,000 complaints received in 2023, almost 300,000 were reported phishing attacks – by far the most common attack vector employed by cybercriminals.