‘Pig Butchering’ Scams Are Now a $3 Billion Threat
By Lily Hay Newman
Published: 2023-03-10 · Archived: 2026-04-05 22:58:34 UTC
Mar 9, 2023 8:32 PM
The FBI’s latest Internet Crime Report highlights the stunning rise of investment-themed crimes over the past 18
months.
Photograph: jtyler/Getty Images
For seven years, the FBI's Internet Crime Complaint Center (IC3) has tallied the reports the US law enforcement
agency receives about all different types of digital crime, and it has consistently found that business email
compromise (BEC) scams resulted in the highest total losses each year. But in its latest Internet Crime Report,
released today for incidents in 2022, “investment” scams have overtaken all others as the biggest digital threat,
with $3.3 billion in losses last year.
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https://www.wired.com/story/pig-butchering-fbi-ic3-2022-report/
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https://www.wired.com/story/pig-butchering-fbi-ic3-2022-report/
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Lily Hay Newman is a senior writer at WIRED focused on information security, digital privacy, and hacking. She
previously worked as a technology reporter at Slate, and was the staff writer for Future Tense, a publication and
partnership between Slate, the New America Foundation, and Arizona State University. Her work ... Read More
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Source: https://www.wired.com/story/pig-butchering-fbi-ic3-2022-report/
https://www.wired.com/story/pig-butchering-fbi-ic3-2022-report/
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