Cybercrime complaints

In 2021, the US experienced a large increase in cyberattacks and malicious cyberactivity. The FBI’s complaint center received a record number of 847,373 complaints from the American public, which was an increase of 7% from 2021, with potential losses exceeding USD 6.9 billion; up 64% from 2020. Most victims, or at least those who report it, are older Americans with 43% of potential losses incurred by people over 50. To fight cybercrime the FBI established the Recovery Asset Team (RAT) and was able to freeze USD 328 million for victims who made transfers to domestic accounts under fraudulent pretenses. However, this is just 5% of the total potential losses. As economies digitalize further, cyberattacks are likely to increase – which bodes well for companies selling cybersecurity products and services.

The FBI received 850,000 cybercrime complaints with potential losses of USD 6.9 billion in 2021 Source: US Federal Bureau of