---
id: "claim-cybercrime-losses-increasing"
type: "claim"
source_timestamps: ["¶2"]
tags: ["statistics", "threat-landscape"]
related: ["concept-board-expertise-gap", "entity-fbi"]
confidence: "high"
testable: true
speakers: ["Jeffrey Proudfoot", "Stuart Madnick"]
sources: ["governance"]
sourceVaultSlug: "hbr-seg-governance"
originDay: 7
articleStem: "hbr-cl-83-boards-cybersecurity"
sourceUrl: "https://hbr.org/2026/04/boards-are-falling-short-on-cybersecurity"
sourceTitle: "Boards Are Falling Short on Cybersecurity"
---
# Cybercrime Losses Increased 33% Year-over-Year

## Claim

The 2024 FBI crime report shows that **cybercrime losses increased by 33%** compared to the previous year.

**Confidence:** high · **Testable:** yes

## Detail

Despite boards placing greater emphasis on cybersecurity investment, the macro situation continues to deteriorate. The authors cite the 2024 [[entity-fbi]] crime report — published in the spring prior to the article — showing cybercrime losses rose **33%** year-over-year. The statistic underscores the article's central paradox: increased board attention is **not** translating into effective mitigation, which motivates the diagnosis in [[concept-board-expertise-gap]].

## Enrichment validation

**Fully supported.** The FBI's Internet Crime Complaint Center (IC3) **2024 Annual Report** reports total losses of **$16.6 billion**, a **33% increase** over 2023. Multiple secondary analyses (ABA Banking Journal and cybersecurity vendors) independently confirm the 33% figure. This is one of the most directly verifiable claims in the source.


## Related across articles
- [[claim-smb-breach-cost]]
- [[claim-ai-increases-attack-ferocity]]