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In 2023, the costliest cybercrime were investment scams, up from $3.31 billion in 2022 to $4.57 billion in 2023, a 38% increase. The second-costliest type of crime was business e-mail compromise (BEC), with losses amounting to $2.9 billion. Tech support scams, were the third-costliest type of crime. Different age groups tended to be impacted by different crimes. Victims 30 to 49 years old were most likely to report losses from investment fraud, while the elderly accounted for well over half of losses to tech support scams. If you see something, say something!
Did you know... There is greater success in recovering funds when victims or financial institutions report fraudulently induced wire transfers to law enforcement within 72 hours of the transaction.
If you've been a victim of a crime and unsure where to report it, please contact your local law enforcement agency. For City of Sacramento residents, please contact the Sacramento Police Department.
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