The FBI’s Internal Crime Complaint Center (IC3) has released its FBI 2019 Internet Crime Report. The report highlights Cybercrime trends in 2019.
“IC3 received 467,361 complaints in 2019 – an average of nearly 1,300 every day – and recorded more than $3.5 billion in losses to individual and business victims. The most frequently reported complaints were phishing and similar ploys, non-payment/non-delivery scams, and extortion.”
“While email is still a common entry point, frauds are also beginning on text messages—a crime called smishing—or even fake websites—a tactic called pharming.”
“You may get a text message that appears to be your bank asking you to verify information on your account.”
Business email compromise (BEC), or email account compromise, recorded 23,775 complaints in 2019, causing $1.7 billion in losses – about half of the total losses.
Read more about it here.