How to Detect and Stay Safe From Internet Fraud and Related Crime
In case you underestimate the monumental fraud committed by cyber criminals and the consequential loss associated, these statistics should force a rethink and compel you to take the suggestions we have documented in this post more seriously. In 2022, Americans reported to the Federal Trade Commission (FTC) a record $3.56 billion lost to online fraud in the first six months of the year. Computerweekly reports an incredible global loss of $1 trillion annually to cyber crime. Scam and phishing crimes hit a 438 percent increase in Kenya and 178 percent increase in Nigeria according to a report by the Nigerian Business Day . According to a report by Statistica e-commerce losses to online payment fraud were estimated at 41 billion U.S. dollars globally in [...]