Scams Have Gone Omnichannel: New Global Report Tracks Fraud Across Web, SMS, Social and Voice
Every year, scams drain more than $450 billion from consumers and economies worldwide. That is not “petty fraud.” That is roughly half the annual GDP of Switzerland or Poland disappearing into criminal infrastructure, mule accounts, fake investment platforms, malicious ads, call centers and messaging-app operations.
At this scale, scams are not an internet nuisance, but rather an underground economy with the financial weight of a developed nation, operating across borders, platforms and languag