Security News > 2020 > February > BEC Losses Surpassed $1.7 Billion in 2019: FBI

Both the overall number of complaints and the total reported financial losses went up compared to 2018, when IC3 received 351,937 complaints, for a total of $2.7 billion reported losses.

The total losses from reported Internet crime over the past five years has surpassed $10.2 billion and the IC3 received a total of 1,707,618 complaints during this period, at an average of more than 340,000 complaints per year.

Last year, the IC3 received 13,633 complaints related to tech support fraud, with losses surpassing $54 million, marking a 40 percent increase compared to the losses registered in 2018.

The IC3 received 2,047 complaints related to ransomware, with adjusted losses of over $8.9 million.

The elderly were targeted by fraudsters the most, with 68,013 complaints received in 2019 from victims over the age of 60 and reported losses exceeding $835 million.

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