New FBI data highlights the growing financial impact of cybercrime and emerging threats.
The FBI’s Internet Crime Complaint Center (IC3) recently released its 2025 Internet Crime Report, detailing more than 1 million complaints and $20.9 billion in reported losses, a 26% increase from the previous year. According to the report, phishing and spoofing, extortion, and investment fraud remained among the most frequently reported cybercrime schemes, reflecting the continued use of social engineering and financial fraud tactics.
Key Takeaways
The report identified several notable cybercrime trends:
- Phishing, spoofing, extortion, and investment fraud remained among the most frequently reported cybercrime schemes.
- Investment fraud generated the highest financial impact, with losses exceeding $8.6 billion.
- Cybercriminals continue to employ increasingly sophisticated tactics, including advanced social engineering techniques, to target individuals and organizations.
- The rising financial impact of cybercrime reinforces the need for strong cybersecurity controls, employee training and ongoing vigilance.
Why This Matters
Cyber threats continue to evolve in both frequency and sophistication. Staying informed about emerging fraud trends and strengthening cybersecurity awareness can help reduce risk and protect organizations from costly losses.
Source: https://www.ic3.gov
Tips to Consider
Below are a few practices to consider that may help protect against internet crime:
- Stay Vigilant: Be cautious of unsolicited emails, texts, phone calls, and social media messages. Verify the sender before clicking links, opening attachments, or sharing personal information.
- Secure Confidential Data: Use strong, unique passwords for all accounts and enable multi-factor authentication (MFA) whenever possible.
- Understand AI-Enabled Scams: Be aware that criminals increasingly use AI-generated content, including voice cloning, deepfakes, and realistic phishing messages, to impersonate trusted individuals and organizations.
- Be Skeptical of Investment Opportunities: Exercise caution when approached about investment opportunities, particularly those involving cryptocurrency or promises of high returns with little risk.
- Report Suspicious Activity: If you or your business becomes a victim of internet crime, immediately notify financial institutions involved, submit a complaint to IC3, and contact your local FBI field office and law enforcement agency.
Berkley Crime remains committed to helping our agents and insureds navigate today’s evolving cyber threat landscape.
To read the full FBI IC2 2025 Internet Crime Report or to report a cybercrime click here.
Source: https://www.ic3.gov
Encourage your clients to take a proactive approach to protecting their business in the event of a loss!
Make sure your clients have crime insurance. Take the steps to ensure that your clients are covered by calling one of the Berkley Crime team members listed below.
Sincerely,
Michael Beranek
Berkley Crime
Experts focused on your protection. We deliver.
| National Practice Leader Michael Beranek (646) 522-7362 [email protected] | |
| West Regional Manager Brian Platt (720) 979-1155 [email protected] | Renewal Team Leader Cheryl Yorio (860) 466-7379 [email protected] |