The FBI reported a record $12.5 billion in losses from online scams in 2023, up over $2 billion from 2022. Over a third of losses, or $4.5 billion, came from investment scams, many involving romance scams tricking people into fake crypto schemes. Reported losses from ransomware attacks also rose, from $34 million in 2022 to $59 million in 2023. The healthcare sector reported the most ransomware incidents of any sector in 2023. The FBI report shows the growing financial toll of cybercrime, but the true costs are likely higher due to unreported scams and attacks.