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FBI IC3 Report: Cybercrime Losses Up 48% in 2021

Newsletter Features / Tech Tips

FBI IC3 Report: Cybercrime Losses Up 48% in 2021

Cybercrime Losses 01

Did You Know?

The dark web could now be considered the world’s third largest economy, with experts estimating that cybercrime brought in over $6 trillion in 2021, according to the FBI’s annual Internet Crime Report, which documents cybercrime trends. The Bureau recorded 847,376 complaints from businesses and consumers, and over $6.9 billion in losses from the U.S. alone, a 48% increase from 2020.

How did such an increase happen? For one thing, it’s gotten easier to hire out cybercrime. Previously the purview of criminals with coding and technical skills, the booming cybercrime-as-a-service market means that nearly anyone can buy the tools to ransom data, install malware, steal information, and conduct other illicit cybercrime activities, without any special skills.

As it becomes easier for cybercriminals and crime groups to take advantage of businesses and consumers worldwide, your business’s security strategy matters more than ever. Start with a security assessment from Facet to see where you stand and the actions you can take as a business leader to protect your company and your future.

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