The 2024 Cyber Claims Report by Coalition has highlighted an alarming increase in cybercrime, describing it as "a thriving business" that significantly impacts the U.S. economy. Over the past year, cyber claims frequency has seen a 13% rise, with reported losses totaling a staggering $12.5 billion from more than 880,000 complaints filed to the FBI in 2023 alone. Cybercrime has become a huge global business!