(TruthandLiberty.com) – Cybercrimes are on the rise. In the modern world of digital communications and financial transactions, it was bound to replace bank robberies of the old days. According to the FBI’s Internet Crime Complaint Center (IC3), American businesses and citizens lost a staggering amount of money to cyber thieves. On Wednesday, March 23, the newly released 2021 Internet Crime Report stated that the IC3 received 847,376 complaints with losses totaling $6.9 billion, a smashing 64% increase over 2020.
FBI: Americans lost $7B in 2021 to Internet crime https://t.co/o01vKob5SB
— UPI.com (@UPI) March 23, 2022
So, how did cybercriminals steal from businesses and individuals? The report listed the top five sources:
- Business email compromises totaled $2.4 billion in adjusted losses.
- Investment schemes added $1.5 billion.
- Romance scams cost people $956 million.
- Personal data breaches totaled $517 million.
- Real estate scams added another $350 million to the sum.
On Tuesday, FBI Director Christopher Wray pleaded with businesses to report cybercrimes committed against them to the FBI. He said if companies don’t report the cyberattacks, the FBI won’t know about them, and then the agency can’t recover lost money or help prevent other possible attacks.
The FBI said cyber threats are evolving, and criminals don’t distinguish between businesses and individuals. Neither do they care about race, gender, or age. They are non-discriminatory, constantly looking for new ways to strike.
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