# IC3 puts 2025 reported internet crime losses at $20.9 billion

> The FBI complaint centre logged 1,008,597 complaints. For anyone covering closing fraud, it is the one figure with no product attached to it.

**Section:** Fraud & Closing Security  
**Published:** April 16, 2026  
**Byline:** TC Bulletin Staff  
**Canonical URL:** https://tcbulletin.com/fraud/ic3-2025-annual-report-losses  
**Publisher:** TC Bulletin (tcbulletin.com)

## Key points

- The IC3 2025 annual report records $20.877 billion in reported losses across 1,008,597 complaints.
- The 2024 report, released 23 April 2025, recorded $16.6 billion, a 33% rise on 2023.
- Business email compromise accounted for $2.77 billion across 21,442 complaints in 2024.
- IC3 counts what was reported to the FBI, so it is a floor rather than a total.

---

There is no shortage of fraud statistics in the closing industry, and almost all of them are published by a company that sells something. The FBI's Internet Crime Complaint Center is the exception, which is why it belongs in every story that quotes a vendor number.

The 2025 annual report records $20.877 billion in reported losses across 1,008,597 complaints. The prior report, released on 23 April 2025 and covering 2024, recorded $16.6 billion, a 33% increase over 2023, of which $2.77 billion was attributed to business email compromise across 21,442 complaints.

### The reported loss line

- **2023**: Baseline year for the 33% increase reported in the following cycle.
- **23 April 2025**: IC3 releases its 2024 annual report: $16.6 billion in reported losses, including $2.77 billion in business email compromise across 21,442 complaints.
- **2026**: IC3 2025 report: $20.877 billion in reported losses across 1,008,597 complaints.

## Its limits are the point

IC3 counts complaints filed with the FBI. Victims who never report, who report only to a local department, or whose loss is absorbed by an insurer without a federal filing do not appear. Business email compromise is also a general category and not a real estate one, so the closing-table share is not broken out.

That makes IC3 a floor, not a total, and a floor is exactly what a vendor figure needs beside it. A screening firm reporting that it flagged four files in ten is describing its own book. IC3 is describing what people told the FBI happened to them.

### Primary sources for this story

- [FBI Internet Crime Complaint Center annual reports](https://www.ic3.gov/AnnualReport/Reports)

---

## Sources cited

- FBI IC3: https://www.ic3.gov/AnnualReport/Reports

Topics: wire-fraud

TC Bulletin publishes independent trade coverage of the transaction coordination profession. Reuse is permitted with attribution and a link to the canonical URL above. See https://tcbulletin.com/syndication.