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US Cybercrime Losses Surge to $21 Billion Amid Coverage Gaps

US Cybercrime Losses Surge to $21 Billion Amid Coverage Gaps

First seen 14 Oct 2026, 18:36 UTC • •
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ThreatCluster AI
ThreatCluster •October 14, 2026 at 19:36 UTC
  • •US cybercrime losses reached $21 billion in 2025, a 26% increase from 2024.
  • •Only 10-20% of small and midsize businesses have cyber insurance coverage.
  • •AI-driven threats contributed to nearly $893 million in losses in 2025.

In 2025, US internet crime losses reached nearly $21 billion, marking a 26% increase from the previous year. This was the first time the FBI’s IC3 received over one million complaints in a single year. The increase in losses is attributed to various forms of cybercrime, including consumer fraud and investment scams. Small and midsize businesses (SMBs) are particularly vulnerable, with only 10% to 20% having cyber insurance coverage. The average claim severity for large businesses doubled to $4.4 million, despite a 34% drop in claim frequency. AI-driven threats are reshaping the risk landscape, with nearly $893 million in losses linked to AI-enabled incidents in 2025. The gap in cyber insurance coverage among SMBs is largely due to limited access to appropriate products and a tendency to underestimate exposure. The situation highlights the urgent need for better protection and awareness among smaller organizations.

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Timeline

2025-01-01
IC3 receives over one million complaints
For the first time, the FBI’s IC3 reported receiving more than one million complaints in a single year.
Insurancebusinessmag
2025-01-01
Cybercrime losses hit $21 billion
US internet crime losses reached nearly $21 billion in 2025, a significant increase from previous years.
Insurancebusinessmag
2025-01-01
AI-related losses reported
FBI data indicated nearly $893 million in losses linked to AI-enabled incidents in 2025.
Insurancebusinessmag

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Common questions

What types of cybercrime contributed to the losses?
The losses were attributed to various forms of cybercrime, including consumer fraud and investment scams.
How does AI impact cybercrime?
AI is reshaping the risk landscape, with nearly $893 million in losses linked to AI-enabled incidents in 2025.
What is the coverage gap for SMBs?
Cyber insurance penetration among small and midsize businesses is only 10% to 20%, largely due to limited access to appropriate products.