Americans Lost a Record $10.3 Billion To Online Scammers Last Year, FBI Says

Americans lost more than $10 billion to online scammers last year, new government data show, the highest level since the Federal Bureau of Investigation began tracking losses in 2000.

The FBI said its Internet Crime Complaint Center, or IC3, recorded more than 800,000 complaints in 2022, or more than 2,000 complaints a day. So-called phishing expeditions represented the largest number of scams with more than 300,000 complaints, the FBI said in a report. Phishing usually involves the use of unsolicited email, text messages and phone calls, purportedly from a legitimate company, requesting personal or financial information.

“Today’s cyber landscape has provided ample opportunities for criminals and adversaries to target U.S. networks, attack our critical infrastructure, hold our money and data for ransom, facilitate large-scale fraud schemes, and threaten our national security,” FBI Executive Assistant Director Timothy Langan said. The total losses to online scammers rose to $10.3 billion last year from $6.9 billion in 2021. However, the overall number of complaints recorded by IC3 fell slightly from 2021.