Summary: Cybercrime is a serious problem with big financial costs, but its true size is unclear due to poor data and unclear definitions. Many agencies collect different information, making it hard to get a full picture. Experts say we need better coordination and a system that combines data from many sources to understand and fight cybercrime effectively.
In 2023, the FBI’s Internet Crime Complaint Center (IC3) received complaints detailing losses totaling 12.5billion.TheFederalTradeCommission(FTC)collected2.6millionreportsclassifiedasfraud,with10.3 billion in reported losses in the same year. (View Highlight)