Online fraud cost Americans $12.5bn last year — and the FBI says things will only get worse in 2024

A new report from the FBI’s Internet Crime Complaint Center (IC3) claims online fraud cost Americans in excess of $12.5 billion in 2023.

Compared year-on-year to 2022, this represents an increase of nearly 10% in terms of complaints received, and an overall 22% increase in losses.