FBI Releases IC3 2020 Internet Crime Report Showing Record Increase in Cybercrime

The FBI’s Internet Crime Complaint Center (“IC3”) recently released its annual report, the 2020 Internet Crime Report (“Report”), which gathers statistics from nearly 800,000 complaints of suspected cybercrimes that the department received in 2020. This is a record number of complaints—a 69% increase from 2019—with reported losses exceeding $4.2 billion. According to the FBI, the three most reported crimes in 2020 were phishing scams, non-payment/non-delivery scams, and extortion/ransomware. It...
By: Alston & Bird

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