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 analysis shows that damages related to cybercrime complaints were $12.5 billion in 2023, up $2 billion year over year and more than quadruple the amount recorded in 2019.

Based on statistics from the report, as seen in the graphic below by Statista's Florian Zandt, claimed losses from cybercrime climbed dramatically starting in 2021.

Even while complaints increased in 2021, there was only a slight year-over-year increase in losses of about $700 million; nevertheless, the losses from 2021...