According to IC3, the total economic loss caused by cybercrime in 2018 was approximately $2.7 billion. The total for 2017 was approximately $1.42 billion, compared to a total of approximately $1.45 billion in 2016. The loss in 2015 exceeded the $1 billion mark for the first time in history, and the loss in 2014 was about $800 million.
The number of complaints IC3 has received in its reports over the past five years seems to be quite slow - but certainly not going down. Although the loss has increased rapidly, the report has increased from 269,000 in 2014 to 288,000 in 2015. In 2016, IC3's complaints were about 299,000, up from 302,000 in 2017 and 352,000 in 2018.
Many modern scams still use email
The “salary transfer” scam is a good example of whether victims have little or no knowledge that they are victims of crime until it is too late. IC3 received only 100 calls for this particular scam in 2018, but the loss is estimated to be $100 million.
Payroll Diversion starts with phishing emails and gets employee login information from employees who are uninformed or easily deceived. The scammer uses the login information to redirect the pay slip from one direct deposit location to another direct deposit location, sending the revenue to a separate account. This scam is obviously the best fiteducationEmployees in the healthcare, commercial and air transport industries.
If the IC3 estimate is correct, then the 2018 Business Email Compromise loss will exceed $1.2 billion.
No matter how old you are, you can be a victim of cybercrime. According to the report, older people are more likely to be victims of cybercrime.
Top ranked states
In the United States, California is the state with the largest number of victims in 2018. This is followed by Texas and Florida, followed by New York, Pennsylvania, Virginia, and Illinois. In 2018, the number of victims in Colorado and Georgia was between 4,000 and 9999, and the number of other states was reduced.
The states with the most economic losses are California, Texas, Florida, New York, North Carolina, Ohio, Illinois, Michigan, New Jersey, and Massachusetts. Each of the top five states on the list lost more than $100 million in economic losses in 2018.
Please note that the number of victims in North Carolina is not in the top ten, but the amount of economic losses is quite high.
Below you will find a series of other statistics from the 2018 Internet Crime report. These sections show the different types of crimes and the amount of losses. Note that the virtual currency appears multiple times.