The FBI has recently released their annual report on cybercrime in the US for 2020. The report has revealed that there has been a rise in complaints and financial losses due to cybercrime in 2020. The Internet Crime Complaint Center (IC3) has seen an increase of 69% in complaints relating to cybercrime since 2019, with 791,790 complaints issued in 2020. The report also claims that there has been over $4.2 billion lost to cybercrime in the past year.
The majority of complaints logged in 2020 were for non-payment/non-delivery scams, phishing, and extortion. However, almost half of the losses were due to romance and confidence scams, investment fraud, and business email compromise (BEC).