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threat intel
Risky Bulletin: Cybercrime losses passed $20 billion last year
The FBI reported that Americans lost nearly $21 billion to cybercrime in the past year, the highest annual total since the agency began tracking such data 25 years ago. Investment scams led the categories with $8.6 billion in reported losses, of which $6.2 billion involved cryptocurrency theft. Cyber-enabled fraud accounted for approximately 85% of total losses at $17.7 billion.
Why it matters: Organizations and individuals need to understand the financial scale of cybercrime threats, particularly investment fraud targeting users through cryptocurrency channels, to justify security investments and implement appropriate fraud detection controls.
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