Security Bite: FBI releases 2024 Internet Crime Report, ‘new record for losses’

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This year marks the 25th anniversary of the FBI’s Internet Crime Complaint Center, or IC3 for short. Since its inception in 2000, the organization has released an annual report detailing trends based on the thousands of cybercrime complaints it receives daily from victims. This week, the FBI released its 2024 Internet Crime Report, revealing a record $16.6 billion in reported losses—a 33% increase and “a new record for losses reported to IC3.”

If there’s one thing this report highlights best, it’s that humans are more vulnerable than machines.

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