Here’s Why $12.5 Billion Has Been Lost To Online Scams
By: Claire Moraa
An online scam is no new phenomenon. However, with the surge in digital currency usage, the method of operation has evolved and is now targeting unsuspecting individuals. A crime report by the FBI reveals that online scams are on the rise with a 22% increase in 2024 and with over 880,000 new complaints. Even though scams have been there before, this new surge is because attacks continue to morph and become more sophisticated. Attackers are employing advanced techniques and strategies to evade detection and maximize their profits.