The total cost of cybercrime jumped to $12.5 billion in 2023, and the FBI logged a record 880,418 complaints (a 10% increase from the previous year). This is in part being fed by ransomware attacks, which came close to doubling in total cost from 2022 to 2023.
Investment scams that involve grooming a target to invest in fraudulent endeavors took off like a rocket in 2022 and led all cyber crime, racking up $3.3 billion in losses on the year.
In 2018, 351,936 complaints were filed with the FBI, averaging around 900 a day, and these successful internet crime schemes resulted in about $2.7 billion in personal and business losses.



