FBI fielded roughly $2.7 billion worth of Internet crime complaints in 2018
April 24, 2019
Payroll diversion scams, in which cybercriminals use phishing emails to capture employees' login credentials in order to access their payroll accounts and redirect their direct deposit payments to an attacker-controlled account. The IC3 received about 100 such complaints, which were responsible for about $100 million of losses.
Extortion. The report noted a 242 percent increase in extortion-related complaints since 2017, with adjusted losses of over $83 million.
Tech support fraud. The FBI tracked a 161 percent year-over-year increase in losses resulting from such crimes. Altogether, victims from 48 countries lodged 14,408 complaints, with losses amounting to nearly $39 million.
The FTC Health Breach Notification Rule was enacted 10 years ago to protect the privacy and security of consumer health data not covered by HIPAA, but it was never enforced. A policy decision enacted on Sept. 15 will change that.