A Milestone Year for a Growing Threat

2024 marked the 25th anniversary of the FBI’s Internet Crime Complaint Center (IC3) and while their efforts are worthy of celebration, those on the receiving end of cybercrime in 2024 had little to celebrate. The latest annual report paints a sobering picture, as cybercrime continued to escalate, accounting for $16.6 billion in losses. Email-based threats continued to lead the charge, including phishing scams, ransomware, business email compromise (BEC) attacks and more. In short, phishers are getting bolder and more sophisticated while successful threats are costing victims more than ever.