Amsterdam, Netherlands:
According to the Global State of Scams 2022 Report by the Global Anti Scam Alliance (GASA) and ScamAdviser amongst 48 international locations, the scams reported elevated by 10.2%, from 266 in 2020 to 293 million experiences in 2021. The cash misplaced in scams grew by 15,7%, from $47.8 billion in 2020 to $55.3 billion in 2021.
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Figure 1: Money Lost and Number of Scams Reported Worldwide (Photo: Business Wire)
No Longer a Western Disease
GASA states that scams are not a “Western” illness. 53% of Filipinos said fraudsters focused them in 3 months. 11% of the respondents stated they ended up as victims. Other growing international locations like Brazil, Ghana, Nigeria, Kenya, and Saudi Arabia are reporting enormous will increase in on-line scams, primarily through cell phones.
Investment Scams Continue to Rise
Countries like Australia and Singapore report that funding/cryptocurrency scams proceed to develop. The Turkish authorities suspended a cryptocurrency change, freezing $2 billion in belongings. Canada experiences $164 million loss in funding scams, and US residents misplaced $575 million.
Scams stay some of the underreported kinds of crime
In Australia, an estimated 13% of all scams are reported. Canada estimated that solely 5% of the circumstances attain regulation enforcement, Israel estimated this quantity to be 9%, and the Dutch and French estimates vary between 12% and 17%.
Social Media Steppingstone for Scammers
Pakistani authorities state 23% of the reported on-line crimes began on Facebook. Indonesia states that 51% of the scams start on social media. More than one in 4 folks reporting cash loss in the United States stated it began on social media.
Get Them While They are Young
Young persons are focused extra and lose cash extra regularly than aged. In Finland, the worst-hit age group was people between 18 and 30 (23.3%). The Dutch University of Twente confirms that younger persons are extra prone to be scammed.
The Cure for Scams?
According to World Economic Forum examine, solely 0.05% of all cybercrimes are prosecuted. As scammers professionalize, elevating consciousness will not be sufficient. More preventive motion is required, and a quicker takedown of scams is crucial.
GASA is organizing the Global Anti Scam Summit to outline concrete actions to fight on-line fraud. The Global State of Scams Report may be downloaded right here.
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