Cybercrime remains a booming business.
Annual cybercrime losses amounted to almost $20.9 billion last year, reflecting a 26% increase from 2024, the FBI’s Internet Crime Complaint Center (IC3) said in its annual report Tuesday.
The comprehensive study exposes a worsening digital crime environment that is driving financial losses, with momentum moving in the wrong direction and compounding at an alarming rate. Annual cybercrime losses have jumped almost 400% from $4.2 billion in 2020, and cumulative losses in that five-year period surpassed $71.3 billion.
The FBI’s IC3, which formed as the country’s central hub for cybercrime reporting in 2000, is busier than ever. “We now average almost 3,000 complaints per day,” Jose Perez, the FBI’s operations director for its criminal and cyber branch, wrote in the report.
The annual internet crime report highlights growing and sustaining trends. Yet, the scope of the study is limited and relies entirely on cybercrime incidents submitted to the FBI.
The full impact of cybercrime remains murky, as an unknown number of victims suffer in the shadows and never report the crimes they endure.
The FBI received more than 1 million complaints last year, with victims aged over 60 reporting the largest amount of crimes that also resulted in the greatest amount of total losses by age group. Victims at least 60 years old filed 201,000 complaints with losses totaling nearly $7.75 billion, or about 37% of all cybercrime-related losses last year.
Investment-related fraud remained the largest component of cybercrime losses in 2025, reaching almost $8.65 billion. Business email compromise took the No. 2 spot with almost $3.05 billion in losses, followed by tech support scams at more than $2.1 billion.
Cryptocurrency was the primary conduit for fraud linked to investment and tech support scams last year, while wire transfers composed the bulk of fraud resulting from business email compromise, according to the report.
Phishing was the most commonly reported type of cybercrime last year, followed by extortion, investment scams and personal data breaches. The FBI tallied losses amounting to $122.5 million from extortion and $32.3 million from ransomware last year.
The FBI also received more than 75,000 reports of sextortion last year, including more than 5,700 submissions that were referred to the National Center for Missing and Exploited Children.
The top five cyber threats reported to IC3 in 2025 included data breaches at 39%, ransomware at 36%, SIM swapping at 10%, malware at 9% and botnets at 7%.
The FBI received more than 3,600 complaints reporting ransomware last year. The five most reported variants included Akira, Qilin, INC, BianLian and Play.
Each of the 16 critical infrastructure sectors reported ransomware attacks last year, and the most heavily targeted included health care, manufacturing, financial services, government and IT.
The IC3 primarily receives complaints from U.S. residents and businesses, but it also received complaints from more than 200 countries last year, which accounted for nearly $1.6 billion in total losses.
While losses and the sheer amount of cybercrime continued to climb last year, “the FBI continues to disrupt and deter malicious cyber actors — and shift the cost from victims to our adversaries,” Perez wrote in the report.
“It has never been more important to be diligent with your cybersecurity, social media footprint, and electronic interactions,” he added. “Cyber threats and cyber-enabled crime will continue to evolve as the world embraces emerging technologies such as artificial intelligence.”
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