Decoding Cybercrime’s True Scope: Beyond the Trillion-Dollar Hype - Readwise Highlights

Metadata

Author: Phil Venables
Full Title: Decoding Cybercrime’s True Scope: Beyond the Trillion-Dollar Hype
Category: articles
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.
URL: https://www.philvenables.com/post/decoding-cybercrime-s-true-scope-beyond-the-trillion-dollar-hype

In 2023, the FBI’s Internet Crime Complaint Center (IC3) received complaints detailing losses totaling $12.5 bi ll i o n . T h e F e d er a lT r a d e C o mmi ss i o n (FTC) co ll ec t e d 2.6 mi ll i o n re p or t sc l a ss i f i e d a s f r a u d, w i t h$ 10.3 billion in reported losses in the same year. (View Highlight)