According to the US Federal Bureau of Investigation (FBI), in 2023 cybercrime complaints rose 10% year on year and related losses rose 22% to more than USD 12.5 billion. While losses from ransomware jumped 78% year on year, the reported figure of only USD 59.6 million reflects that many firms do not report ransomware payments, according to the FBI. The largest contribution to the growth in losses came from crypto fraud which rose 53% to USD 3.94 billion in 2023.
Source: US Federal Bureau of Investigation, March 2024