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Financial Fraud Epidemic Hits $12.5 Billion in as Cybercriminals Target Investment Capital
Financial Fraud Epidemic Hits $12.5 Billion in as Cybercriminals Target Investment Capital
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BTCCSquare news:
Global finance faces an unprecedented threat as digital theft surges, with consumer losses exceeding $12.5 billion in 2024—a 25% increase from the previous year. Investment-related scams dominate, accounting for $5.7 billion in losses, with median individual losses reaching $9,196.
Cybercriminals have evolved beyond rudimentary tactics, now leveraging generative AI and Adversary-in-the-Middle (AiTM) phishing kits to bypass traditional defenses. Multi-channel social engineering attacks have become the norm, marking a stark shift in the fraud landscape.
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