According to Atlas VPN analysis, the top 10 US states by losses to cybercrime are California, New York, Texas, Florida, Ohio, Illinois, Missouri, Pennsylvania, Virginia, and Colorado.
Last year, citizens in these states lost $2.39 billion to various types of internet crime. In the earliest reporting period – 2013, losses reached $327.89 million. Meaning, accumulated monetary damages in these states jumped by 629% over an eight-year period.
The data is compiled from the last eight annual Internet Crime Reports published by the Federal Bureau of Investigation (FBI). The FBI shares data provided by victims from all over the country to alert US citizens to the ever-increasing rates of internet crime.
To no surprise, California experienced the largest damages in 2020. Californians lost over $621 million in 2020 and a staggering $2.55 billion since 2013.
The average annual loss growth (AAGR) of cybercrime damages reaches 33% in sunny California. On a similar note, financial losses jumped by 491% when comparing 2013 to 2020.
The second place goes to the largest city in the US – New York. Here, people lost nearly $416 million in 2020. The total losses from cybercrime amount to $1.15 billion, counting from 2013.
The average annual growth rate of losses to cybercrime exceeds that of California and stands at 50%. In 2013, New Yorkers lost $38 million to internet crime, which means that in the eight-year span, damages grew by 993%.
Texas takes third place, with close to $314 million in capital loss last year. Through the last eight years, fraudsters swindled over $1.01 billion from unsuspecting citizens.
Texans lost $56 million in 2013. Meaning, cybercrime damages in Texas jumped by 455% from 2013 to 2020. Here, AAGR stands at 30%, which is the lowest of the top 10 states.
Fourth is Florida, with $295 million in losses to various types of internet crime. From 2013 until 2020, citizens in Florida lost a whopping $1.16 billion of their hard-earned money.