Cybercrimes continue to grow in number. The FBI’s Internet Crime Complaints Center (IC3), founded in 2000, received an astounding number of complaints in 2020: 791,790. The loss associated with these complaints was staggering, coming in excess of $4.1 billion.
To help provide a clear picture of cybercrime and its impact, Twingate looked at data from the FBI’s IC3. The top-10 crime types with the highest monetary losses were selected from the FBI’s Internet Crime Complaints Center’s (IC3) Internet Crime Report 2020. The number of total victims was also included for each of the 10 crime types.
An IC3 analyst reviews and categorizes each of these complaints. The top cybercrime reported to the IC3 in 2020 was phishing/vishing/smishing/pharming. There was a significant amount of fraud around the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The age group with the highest rate of victimization, according to the number of complaints, were those over 60 with 105,301, with a total loss of $966,062,236.
While cybercrime is extremely prevalent, continued awareness surrounding online activities remains critical to protect yourself. Read on to find out more about the top cybercrimes in 2020 and what steps you can take to stay safe.