FBI IC3 2020: Cybercrime Causes $4.1 Billion in Losses

The blog-style analysis reviews the FBI IC3 2020 report, noting 791,790 complaints and over $4.1B in reported losses driven largely by Business Email Compromise (≈$1.8B), phishing, ransomware, and COVID-19-related fraud. It emphasizes the rise in BEC sophistication, tech-support and elder-targeting scams, the role of RDP and phishing in ransomware intrusions, and law enforcement guidance on reporting and response.