FBI releases 2018 report on internet crimes

FBI releases 2018 Internet Crimes Report

SAVANNAH, GA (WTOC) - A new report has been released by the FBI pertaining to internet crimes.

In 2018, IC3 received a total of 351,936 complaints with losses exceeding $2.7 billion.

Georgia is in the top ten states by number of reporting victims, with 9,095 victims. California had the most with 49,031.

South Carolina was ranked 26 with 3,575 victims.

Business Email Compromise and Confidence Fraud accounted for two of the biggest losses in the year.

Business Email Compromise/Email Account Compromise (BEC/EAC) is a scam targeting businesses working with foreign suppliers and/or businesses regularly performing wire transfer payments. EAC is a similar scam that targets individuals. These sophisticated scams are carried out by fraudsters compromising email accounts through social engineering or computer intrusion techniques to conduct unauthorized transfer of funds.

This accounted for over $1.2 billion in losses.

Confidence Fraud accounted for over $360 million in losses. Confidence fraud is described as a perpetrator deceives a victim into believing the perpetrator and the victim have a trust relationship, whether family, friendly or romantic. As a result of that belief, the victim is persuaded to send money, personal and financial information, or items of value to the perpetrator or to launder money on behalf of the perpetrator.

If you would like to know more, please click here to read the report released by the FBI or here for quick breakdown of findings by the IC3.

Copyright 2019 WTOC. All rights reserved.