FEBRUARY 25, 2020: Americans lost an estimated $3.5 billion to internet crime in 2019. That’s up from $2.7 billion in 2018 and $1.4 billion in 2017.[1] ([link removed]) [2] ([link removed])
In 2019, the FBI's Internet Crime Complaint Center received 467,361 complaints—an average of nearly 1,300 every day.[1] ([link removed])
“The most financially costly complaints involved business email compromise, romance or confidence fraud, and spoofing, or mimicking the account of a person or vendor known to the victim to gather personal or financial information.” According to the FBI ([link removed]) report, “The most frequently reported complaints were phishing and similar ploys, non-payment/non-delivery scams, and extortion.”
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_Scott Rasmussen is an editor-at-large for Ballotpedia, the Encyclopedia of American Politics. He is a senior fellow for the study of self-governance at the King’s College in New York. His most recent book, ** Politics Has Failed: America Will Not ([link removed])
** , ([link removed])
was published by the Sutherland Institute in August 2018._
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