The FBI's Internet Crime Complaint Center (IC3) released its annual report Wednesday, showing a sharp increase in cybercrime, both in quantity and cost in 2020.

Over the course of the year, the IC3 logged 791,000 complaints, more than a third of the total complaints over the past five years and a marked rise from the 463,000 complaints in 2019. Victims lost $4.2 billion over the course of the year, up from $3.5 billion in 2019.

For enterprise cybersecurity, the report was headlined by two key findings. One was the emergence of COVID-19 themed phishing targeting both organizations and individuals. Vendors had warned about the rise of COVID-19 scams throughout 2020. The second was the increase in the total cost of business email compromise (BEC) scams and email account compromise (EAC).

Please register to continue.

Already registered? Log in.

Once you register, you'll receive:

  • News analysis

    The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation.

  • Archives

    Unlimited access to nearly 20 years of SC Media industry analysis and news-you-can-use.

  • Daily Newswire

    SC Media’s essential morning briefing for cybersecurity professionals.

  • Learning Express

    One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.