United States

Five Internet crimes you need to know about to stay safe online

A new FBI report on Internet crime highlights the most devastating cybercrime with reported losses exceeding $3.5 billion in 2019. The FBI based its report on 467,000 complaints by the public to the FBI’s Internet Crime Complaint Center (IC3) in 2019. SIM swapping is an emerging high-profile crime, the FBI cited in the report. In a SIM swap, a wireless carrier is tricked into switching the SIM linked to the subscriber to the criminal’s SIM. In one case based in San Francisco, the arrest of a SIM swapping group leader led to the seizure of over $18 million, five vehicles, a $900,000 home, and hundreds of thousands of dollars in jewelry, the FBI said in March 2019. Here are the five Internet crimes the FBI is focusing on. PHISHING ...