Americans Lost Record $12.5 Billion to Online Crime in 2023: FBI

Published on March 8, 2024

American consumers and businesses lost a record $12.5 billion to online crimes in 2023, data released by the FBI on March 6 shows. According to the 2023 Internet Crime Report (pdf), published by the FBI’s Internet Crime Complaint Center (IC3), the agency registered a 22 percent increase in reported losses from online scams last year compared to 2022, marking a $2 billion increase in total losses year-on-year. The increase also marks the highest tally of losses from cyber scams reported to the FBI since it began publishing data on digital scams in May 2000. However, FBI officials warned the real cost to Americans could exceed $12.5 billion, noting not all online scams are reported to the agency....

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