The FBI's Internet Crime Complaint Center (IC3) 2023 annual report revealed a significant increase in cybercrime costs in the U.S., jumping 22% to more than $12.5 billion. The report highlighted a surge in cryptocurrency scams, which have become a major concern for both new and veteran users. The FBI noted that cryptocurrency was linked to the majority of investment losses in the United States in 2023, with crypto scams accounting for 86% of all investment fraud losses, totaling $3.94 billion. This alarming trend underscores the importance of staying vigilant against scammers targeting individuals in the volatile market.