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A record $12.5 billion in losses from online scams were reported to the FBI in 2023, fueled by a surge in cryptocurrency investment fraud, the bureau said in a report released Wednesday.
It turned out May, 62, had gotten caught up in an increasingly common internet scam — and also a new FBI initiative to protect people from financial ruin.
According to the FBI's 2017 Internet Crime Report, the Internet Crime Complaint Center (IC3) received about 300,000 complaints. Victims lost over $1.4 billion in online fraud in 2017. [4] According to a study conducted by the Center for Strategic and International Studies (CSIS) and McAfee , cybercrime costs the global economy as much as $600 ...
The Internet Crime Complaint Center ( IC3) is a division of the Federal Bureau of Investigation (FBI) concerning suspected Internet-facilitated criminal activity. The IC3 gives victims a convenient and easy-to-use reporting mechanism that alerts authorities of suspected criminal or civil violations on the Internet.
In the first half of 2023, 19,000 complaints were filed with the FBI Internet Crime Complaint Center, according to the release. The estimated loss from the reported scams totaled over $542 million.
Clone phishing is a type of attack where a legitimate email with an attachment or link is copied and modified to contain malicious content. The modified email is then sent from a fake address made to look like it's from the original sender. The attack may appear to be a resend or update of the original email.
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