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Safest and Riskiest U.S. States for Financial Cybercrime
- Safest states for financial cybercrime are Mississippi, Texas, and Minnesota, with low victim rates and strong legislation, while Washington, D.C., Iowa, and Nevada are the riskiest.
- Most states saw double-digit increases in victim count or monetary losses from 2022 to 2024, indicating a nationwide escalation in cybercrime.
- Financial losses from cybercrime in the U.S. doubled from 2022 to 2024, reaching billions in damages.
- Certain scam types like investment fraud and tech support scams caused disproportionately high losses, even in states with low victim counts.
- Mississippi ranked as the safest state despite minimal legislative activity, while Illinois saw major losses despite strong regulation.
- The report analyzed per-capita victim rates, financial losses, trends, and state-level legislation to map cybercrime risk in the U.S.
- The data used for the analysis was from the FBI's 2024 IC3 annual report, providing the most recent cybercrime numbers.
- Advance fee scams, lottery and inheritance fraud, business email compromise, romance scams, and non-payment/delivery fraud are common types of financial cybercrime.
- Steps to protect against cybercrime include verifying claims, monitoring accounts, enabling multi-factor authentication, and avoiding unsolicited offers.
- If a victim of cybercrime, report to the FBI's IC3, notify financial institutions, monitor accounts, update passwords, and consider credit freezing.
- Financial cybercrime affects all states, necessitating efforts at every level to combat rising risks of online scams, fraud, and data breaches.
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