Americans lost over $4.2 billion to cybercriminals and scammers in 2020, according to FBI figures based on complaints it received. 

Over the year, the FBI’s Internet Crime Center (IC3) received 791,790 complaints of suspected internet crime, or about 300,000 more than it did in 2019 when the agency recorded estimated losses at more than $3.5 billion. 

“In 2020, while the American public was focused on protecting our families from a global pandemic and helping others in need, cyber criminals took advantage of an opportunity to profit from our dependence on technology to go on an Internet crime spree,” the FBI says in its Internet Crime Report 2020

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Once again, business email compromise (BEC) or email account compromise (EAC) were by far the biggest sources of reported losses, totaling $1.8 billion across…

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