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FBI Reports Record $16.6 Billion in Cybercrime Losses for 2024

Investment fraud and business email compromise were the costliest schemes, with seniors and critical infrastructure among the hardest hit.

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An FBI agent using a comuter.
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Overview

  • The FBI’s Internet Crime Complaint Center (IC3) received over 859,000 complaints in 2024, reporting $16.6 billion in losses—a 33% increase from 2023.
  • Investment fraud accounted for $6.5 billion, making it the most financially damaging cybercrime, followed by $3 billion in losses from business email compromise.
  • Americans aged 60 and older were disproportionately affected, losing $4.8 billion, the highest among any demographic.
  • Ransomware complaints rose by 9%, with the FBI labeling it the most pervasive threat to critical infrastructure, including healthcare and government facilities.
  • Operation Level Up, launched in 2024, prevented $285.6 million in cryptocurrency scam losses by alerting potential victims in real time.