In 2020, as the world grappled with a fast-spreading global pandemic, the FBI received more than 2,000 complaints each day, totaling 791,790 for the year. This represents a 69% increase from the previous year and a total of U.S. $4.2 billion in losses, according to data collected by the FBI’s The Internet Complaint Center (IC3). Cybercriminals employed all manner of schemes to target businesses and individuals, including phishing, spoofing and tech support fraud, the FBI reported. The costliest cybercrimes were against businesses, involving Business E-mail Compromise (BEC) schemes that added up to U.S. $1.8 billion in losses from 19,369 reported... Read more →