Cybercrime: Who’s Paying, How Much, and What’s Changing

VPN Mentor has just published a report with the results of a research they have recently conducted related to the cost of cybercrime during the last year. While conducting the research they identified some key elements such as:

  • Only about 1 in 10 ransomware victims officially report their attacks or losses to authorities.
  • In 2024, the total number of cybercrime complaints reported to the FBI’s IC3 reached 859,532.
  • Phishing was the most-reported cybercrime in 2024 with 193,407 complaints.
  • In 2024, financial losses due to cybercrime reached a new record of an astounding $16.6 billion.
  • In 2024, investment scams led to financial losses nearing $6.6 billion.

You can check the full report here: https://www.vpnmentor.com/blog/cybersecurity/the-cost-of-cybercrime-whos-paying-how-much-and-whats-changing

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