Cyber crimes continue to rise, and big companies are no longer the sole target. The FBI recently issued their 2024 annual report on internet crimes and there were 859,532 complaints filed, totaling $16.6 billion in losses last year. That represents a 33% increase in losses, compared to 2023. The average loss is $19,372, and those numbers only represent what has been reported to the FBI. The actual loss is estimated to be much greater, as most losses go unreported. Fortunately, there are ways to protect your business from cyber criminals, like having secure networks and training your staff to look…
Posts tagged as “FBI”
I wrote an article over 3½ years ago about direct deposit fraud, first published in the FBI annual Internet Crime Complaint Center (IC3) report for 2018, when about 100 complaints were reported. Today, years later, we are finding it occurring on too-regular of a basis, and I would not be surprised if there were 100 complaints a day. How it occurs is the fraudster diverts an employee’s paycheck to their “bank account,” which they will then clear out as soon as the funds hit on pay day. The two questions you may be asking are ‘how do they change the…