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Amount of losses of crypto and investment fraud almost tripple

The FBI's Internet Crime Complaint Center (IC3) published its annual report this year. Here are a few highlights.
Investment fraud losses increased from $1.45 billion in 2021 to $3.31 billion in 2022. Within those complaints, cryptocurrency investment fraud rose from $907 million in 2021 to $2.57 billion in 2022.
 
BEC complaints ranked the second largest dollar losses at over $2.7 billion. 
 
Crypto-investment scams saw increases in the number of victims and the dollar losses to these investors. 
 
Ransomware incidents continued to rise.
 
Illegal call centers defraud thousands of victims this year. Two categories of fraud reported were Tech/Customer Support and Government Impersonation, responsible for over $1 billion in losses to victims. Almost half the victims report to be over 60 (46%), and experience 69% of the losses (over $724 million).

This material is for informational purposes only and is not intended to provide legal, tax, financial, or investment advice. Recipients should consult their own advisors before making these types of decisions. Artefaktum  has no responsibility or liability for any decision made or any other acts or omissions in connection with Reader’s use of this material.

Artefaktum does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in this report and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.

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