The FBI's annual Internet Crime Report reveals staggering losses of $12.5 billion to cybercrime in 2023, marking a $2 billion increase from the previous year, with investment fraud and compromised email accounts as major contributors.

The FBI evaluated all of the complaints submitted through its Internet Crime Complaint Center (IC3) and published its annual Internet Crime Report in April. Despite the number of complaints less than double compared to four years previously, the Bureau's an...