The Importance of Reporting
“Information reported to the IC3 plays a vital role in the FBI’s ability to understand our cyber adversaries and their motives, which, in turn, helps us to impose risks and consequences on those who break our laws and threaten our national security,” said Matt Gorham, assistant director of the FBI’s Cyber Division. “It is through these efforts we hope to build a safer and more secure cyber landscape.” Gorham encourages everyone to use IC3 and reach out to their local field office to report malicious activity.
Rapid reporting can help law enforcement stop fraudulent transactions before a victim loses the money for good. The FBI’s Recovery Asset Team was created to streamline communication with financial institutions and FBI field offices and is continuing to build on its success. The team successfully recovered more than $300 million for victims in 2019.
Besides stressing vigilance on the part of every connected citizen, the IC3’s Donna Gregory also stressed the importance of victims providing as much information as possible when they come to IC3. Victims should include every piece of information they have—any email addresses, account information they were given, phone numbers scammers called from, and other details. The more information IC3 can gather, the more it helps combat the criminals.
In 2019, the Recovery Asset Team was paired with the Money Mule Team under the IC3’s Recovery and Investigative Development Team. This effort brings together law enforcement and financial institutions to use the data provided in IC3 complaints to gain a better view of the networks and methods of cyber fraudsters and identify the perpetrators.
The new effort allowed IC3 to aggregate more than three years of reports to help build a case against an active group of criminals who were responsible for damaging crimes that ranged from cryptocurrency theft to online extortion. The ensuing investigation by the FBI’s San Francisco Field Office resulted in the arrest of three people.