US records highest cybercrime losses in 2019

US records highest cybercrime losses in 2019

Cybercrime in the United States rose in 2019 to record the highest number of complaints, while losses were the highest since the start of cybercrime documentation in 2000.

According to the 2019 FBI Internet Crime Complaints Center (IC3) report, cybercrime losses increased to $3.5 billion, up $800 million from 2018.

The report indicated that in 2019 citizens inside the U.S. territory recorded as many as 467,361 complaints, with an average of 1,300 complaints per day, or approximately one complaint per minute.

The number of internet-related crimes stands at 4,883,231 since the beginning of the Internet Crime Complaints Center, and the report showed that the majority of complaints include e-mail settlement of business activity, romance, trust fraud, deception or simulating the accounts of people or sellers.

IC3 president Donna Gregory believes that 2019 had not seen new frauds but had witnessed a remarkable development by the fraudsters themselves by developing existing frauds.

She also pointed out that this problem is not only in the United States but many other countries also suffered from the cybercrimes. For instance, the United Kingdom came in the second place with 93,796 scams.

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