Security News > 2021 > March > FBI: Over $4.2 billion officially lost to cybercrime in 2020
The Federal Bureau of Investigation has published its annual report on cybercrime affecting victims in the U.S., noting a record number of complaints and financial losses in 2020 compared to the previous year.
The Internet Crime Complaint Center received last year 791,790 complaints - up by 69% from 2019 - of suspected internet crime causing more than $4 billion in losses.
This type of cybercrime alone caused $1.8 billion in losses, up from $1.7 billion in 2019.
Las year, RAT was able to freeze and recover a little over 82% from almost $463 million in losses reported in 1,303 incidents.
One type of cybercrime that is grossly misrepresented in FBI's annual report is ransomware, with 2,474 complaints and adjusted losses of more than $29.1 million.
Looking at the raw figures in FBI's Internet Crime Complaint Center latest report, cybercrime has recorded a significant growth in 2020, both in terms of filed complaints and money lost by victims in the U.S..