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goodmenproject.com
· 2025-12-08
This article discusses elder abuse protections across the United States, highlighting that the elderly population is projected to nearly double from 49 million to 95 million by 2060, making protective measures increasingly urgent. States like Wisconsin, Vermont, and Massachusetts rank highest in elder abuse prevention due to strong funding and robust regulations, while rural states such as South Carolina, Utah, and South Dakota lag significantly due to policy gaps and insufficient resources. Financial fraud is identified as a prevalent form of elder abuse affecting elderly individuals, with states offering stronger safeguards—such as ombudsman services and elder care organizations—demonstrating lower average financial losses per fraud case.
english.elpais.com
· 2025-12-08
A Swedish man named Daniel lost €40,000 in a "pig butchering scam," a romance-based fraud scheme where a fake woman named Adele lured him into cryptocurrency investments through dating apps and WhatsApp. The scams, which generated $72 billion between 2020 and 2024, are operated from Southeast Asian compounds by crime syndicates with Chinese roots, where tens of thousands of trafficking victims—potentially 100,000 in Cambodia and 120,000 in Myanmar—are forced to impersonate romantic interests and financial advisors to defraud victims globally.
oaoa.com
· 2025-12-08
In 2023, the IRS reported $5.5 billion lost to tax fraud schemes, with criminals employing increasingly sophisticated tactics including tax avoidance scams, refund fraud, IRS impersonation, filing support scams, and recovery scams targeting vulnerable victims. The IRS warns taxpayers to watch for red flags such as unsolicited contact, promises of large payouts, requests for account information, threats, and suspicious links, and recommends filing early, setting up verified IRS accounts with Identity Protection PINs, waiting for official mail notifications, and practicing strong cybersecurity habits to prevent fraud.
states.aarp.org
· 2025-12-08
This AARP educational article outlines five common scams targeting consumers and provides prevention strategies: credit repair scams exploit financial stress with upfront fees and false promises; social media ad scams deceive over one-third of U.S. adults who shop online by directing them to counterfeit retailer websites; utility scams use urgent threats of service shutoff to panic victims into immediate payment; concert ticket scams involve counterfeit digital tickets sold through unverified resellers; and unsolicited calls from unknown numbers may initiate fraud schemes. The article recommends verifying claims through official channels, researching company legitimacy with the Better Business Bureau, using secure payment methods, and avoiding clickable links in
thenationalnews.com
· 2025-12-08
A 68-year-old man in Dubai lost Dh2,300 ($626) within minutes after clicking a phishing email impersonating Dewa (Dubai's utility authority) that promised a water bill refund. The scammer obtained his debit card details through the fraudulent link, and despite reporting the fraud to RAKBank and Mastercard, the victim was unable to recover the funds because he had authorized the transaction. The incident illustrates the growing sophistication of cyber fraud targeting UAE residents, with global online fraud expected to reach $13.82 trillion by 2028.
taipeitimes.com
· 2025-12-08
In the fourth quarter of last year, Taiwan reported NT$37.19 billion (US$1.23 billion) in fraud losses, with investment scams accounting for 56.9 percent of total losses and affecting 1,242 victims, predominantly women over 50 (516 cases). Criminals used social media advertisements and messaging apps to recruit victims into fake investment groups, while romance scams and impersonation schemes targeting bank/government officials also contributed significantly to losses, with victims taking 2 months to 2 years to discover they had been defrauded.
thefintechtimes.com
· 2025-12-08
Revolut introduced an in-app calling feature for personal customers to combat impersonation scams, where fraudsters impersonate banks or trusted authorities. The feature creates a secure communication channel within the app that external parties cannot replicate, allowing customers to verify they are speaking with legitimate Revolut representatives. Impersonation scams among Revolut customers have declined to their lowest levels in nearly two years despite the company's user growth.
latimes.com
· 2025-12-08
During natural disasters, scammers exploit vulnerable victims by impersonating utility companies, FEMA, and contractors to steal personal information or money through pressure tactics and upfront fees. Protection measures include verifying identities by contacting organizations directly, never paying upfront fees for disaster aid or repairs, researching contractors thoroughly, and getting multiple estimates before hiring. If identity theft occurs, victims should immediately report it to the FTC, credit bureaus, and financial institutions to prevent further damage.
androidpolice.com
· 2025-12-08
AI technology is making scams increasingly convincing and harder to detect, with fraudsters using voice cloning, deepfakes, fake investment schemes, phishing emails, and romance scams to target victims. The article outlines seven types of AI-powered scams and provides prevention strategies, including verifying caller identities with security questions, scrutinizing deepfake videos for unnatural movements or audio-visual mismatches, consulting registered investment advisors, and avoiding clicking suspicious links or sharing sensitive information with unverified sources.
newskarnataka.com
· 2025-12-08
A 67-year-old Bengaluru retiree lost ₹35.3 lakh to scammers impersonating income tax officials who called claiming he owed back taxes and threatened arrest. The fraudsters used fake documents, intimidation tactics, and threats involving his family to coerce him into transferring funds across multiple accounts before he discovered the deception. Bengaluru police advise citizens to verify official communications directly with authorities, avoid sharing personal information with callers, and report suspicious calls immediately, as this "digital arrest" scam represents an evolving cybercrime threat against older adults.
koreajoongangdaily.joins.com
· 2025-12-08
The South Korean government warned the public against an anticipated surge in text message scams (smishing) ahead of the Lunar New Year holiday, launching a 24-hour monitoring system in response. Common scams include messages impersonating public institutions demanding vehicle fine payments, fake holiday gift notifications, fraudulent tax refunds, and QR code scams ("quishing") that distribute malicious apps. Between 2022-2024, authorities reported 2.72 million smishing cases, with 59.4% impersonating public institutions and a growing number targeting elderly individuals through fake financial institution requests.
yahoo.com
· 2025-12-08
This article outlines seven AI-powered scams that are becoming increasingly difficult to detect: voice cloning, deepfake impersonation, investment fraud, phishing, romance scams, and others. The article explains how scammers use AI technology to create convincing fake voices, videos, and messages to manipulate victims into sending money, revealing personal data, or clicking malicious links. It provides practical prevention tips for each scam type, including verifying caller identities with security questions, scrutinizing video quality and facial movements in deepfakes, verifying investment advisors, and avoiding suspicious links and downloads.
chinadailyhk.com
· 2025-12-08
Hong Kong authorities are implementing anti-fraud measures targeting mainland students after an 18-year-old University of Hong Kong student lost HK$9.2 million ($1.18 million) to phone scammers posing as government officials in a money laundering scheme. New requirements include mandatory fraud prevention questionnaires for mainland students applying to study in Hong Kong, anti-scam lectures, and educational kits, with over 60 HKU students having lost more than HK$60 million to various scams recently. Multiple Hong Kong universities have adopted mandatory anti-fraud quizzes and questionnaires, with early results showing reduced fraud victimization rates among students who
mainstreetdailynews.com
· 2025-12-08
In 2023, the IRS reported $5.5 billion in losses to tax fraud schemes, with criminals exploiting online tax filing through various scams including tax avoidance promises, refund fraud, IRS impersonation threats, filing support fraud, social media schemes, and recovery scams targeting previous victims. The IRS advises taxpayers to file early, create verified accounts with Identity Protection PINs, wait for official mail before responding to any IRS communications, and practice strong cybersecurity measures to protect sensitive information from increasingly sophisticated AI-enhanced scams.
ccn.com
· 2025-12-08
Memecoin farm scams exploit investor excitement and FOMO by using deceptive tactics such as fake success stories, inflated metrics, bogus celebrity endorsements, and rug pulls to attract victims into fraudulent cryptocurrency schemes. Scammers target inexperienced investors through pressure tactics, fake private investment groups, and rebranded failed projects, often resulting in devastating financial losses. Users can protect themselves by recognizing warning signs including unrealistic profit promises, lack of security audits, opaque operations, and artificial urgency.
kfyrtv.com
· 2025-12-08
During tax season, scammers are employing increasingly sophisticated tactics including unlicensed "ghost preparers" who disappear after filing taxes without proper credentials, fraudulent requests for Bitcoin payments (which the IRS does not accept), and phishing scams via text messages that impersonate banks and credit unions to steal personal information. The IRS warns that legitimate tax authorities will never initiate contact by phone or text and always send official letters first, and individuals can verify IRS correspondence using tools on the agency's website.
investopedia.com
· 2025-12-08
The IRS Criminal Investigation unit uncovered over $9.1 billion in tax fraud and financial crimes in 2024, with scams expected to peak during the 2025 tax-filing season. Common tactics include scammers impersonating IRS agents or tax preparers to claim taxpayers owe additional taxes or are due larger refunds, with threats of arrest or requests for bank details to steal information. Retired taxpayers and those nearing retirement are frequent targets, and experts recommend taking time to verify communications and avoiding pressure from scammers rather than responding immediately.
mondaq.com
· 2025-12-08
Romance fraud—where scammers impersonate celebrities or create fake identities to build trust with victims before demanding money—is a rapidly growing crime, with the National Fraud Intelligence Bureau reporting 8,792 cases and losses exceeding £94.7 million in the past year. A notable case involved a 53-year-old French woman defrauded of £700,000 over 18 months by someone posing as Brad Pitt, with fraudsters typically spending about a year building trust before requesting funds through pretexts like medical emergencies or investment opportunities. Authorities note that romance fraud is heavily under-reported due to victim shame, though early reporting without alert
cbsnews.com
· 2025-12-08
Three Chicago-area residents involved in a romance scam network that bilked victims of over $3.5 million were sentenced, with one receiving probation and two receiving 10 and 20-year prison sentences respectively. The case centered on 57-year-old Laura Kowal from Illinois, who sent nearly $2 million to a fraudulent online persona called "Frank Borg" over almost two years before her death; the scammers, based in West Africa, used the defendants as "money mules" to launder the stolen funds. The sentencing highlighted the growing use of accomplices to facilitate romance scams and the devastating impact on victims and their families.
tcpalm.com
· 2025-12-08
Two individuals were arrested as "couriers" in gold bar scams that defrauded at least three Indian River Shores residents of nearly $2 million in early 2024. The scams involved fake government officials calling victims and instructing them to purchase gold bars, which couriers then collected in person; one 77-year-old woman lost $156,000 across two separate meetings, handing over gold bars worth approximately $72,904 and $83,000. Rakeshbhai Harshadbhai Patel, 35, was arrested in January 2025, and Syed Makki, 36, was arrested in Colorado and awaits ext
newsbug.info
· 2025-12-08
Oak Grove Christian Retirement Village hosted an educational presentation by DeMotte police on January 8 covering elder financial abuse, which costs seniors over $3 billion annually with more than 13% of American elders victimized yearly. The presentation outlined eleven common scam types targeting seniors (including grandparent scams, charity fraud, identity theft, and tech support scams), noting that victims aged 80-89, particularly women living alone, face the highest risk and that underreporting remains severe due to embarrassment and fear of losing independence. Key protective measures include monthly financial monitoring, verifying requests by calling contacts directly, reporting fraud to the FTC, and consulting trusted advisors before financial decisions.
gilavalleycentral.net
· 2025-12-08
In 2023, the IRS reported $5.5 billion in losses to tax fraud schemes, with criminals employing increasingly sophisticated tactics including tax avoidance scams, refund fraud, impersonation of IRS officials, fake filing support, social media schemes, and recovery scams targeting previous victims. The IRS advises taxpayers to file early, establish verified IRS accounts with Identity Protection PINs, wait for official mail-based communication, use strong cyber hygiene practices, and report any suspected fraud to protect against these evolving threats.
wibx950.com
· 2025-12-08
The New York State Thruway Authority is warning residents of a phishing scam targeting EZ Pass and Tolls by Mail customers through text messages and emails that falsely claim an outstanding balance. The fraudulent messages prompt victims to click links and enter sensitive information such as Social Security numbers and credit card details. The authority recommends verifying suspicious messages directly with official channels, reporting phishing attempts to the FTC and US-CERT, and contacting the Tolls by Mail Customer Service Center at 1-844-826-8400 if victimized.
dutchnews.nl
· 2025-12-08
In 2024, reports of fake policeman scams targeting elderly people in the Netherlands surged dramatically to over 8,000 incidents (compared to 544 in 2023), with approximately 1,600 victims losing valuables including money and jewelry. Scammers call victims claiming to protect their assets from burglars, use personal information obtained from dark web data trades to build trust, and send operatives to collect items; 357 arrests were made, though the organized scheme operates from call centers coordinating multiple robberies across different cities nightly.
spectrumlocalnews.com
· 2025-12-08
hoodline.com
· 2025-12-08
Kaua'i County's Agency on Elderly Affairs organized an educational event on February 12 featuring Kupuna Alert Partners to teach seniors about fraud and scam prevention, including Medicare fraud, identity theft, securities fraud, and prescription drug misuse. The free community event included presentations and resource tables from multiple government agencies, with pre-registration encouraged and accessibility accommodations available upon request.
aba.com
· 2025-12-08
The American Bankers Association Foundation and U.S. Postal Inspection Service released educational infographics on money mule scams and check fraud, which have been rising in recent years. Money mule scams involve criminals using others' bank accounts to launder illegal funds, often recruited through fake job postings and online platforms, while check fraud targets businesses through stolen, altered, or counterfeit checks. Both organizations provided consumer and business protection recommendations, including monitoring accounts, avoiding unofficial money transfers, limiting access to sensitive information, and using bank fraud prevention services.
huffpost.com
· 2025-12-08
Nearly 70,000 people reported romance scams to the FTC in 2022, losing a total of $1.3 billion with an average loss of $4,400. A notable case involved a French woman who lost €830,000 ($865,000) to a scammer impersonating Brad Pitt over an 18-month period, who used AI-generated images of the actor in a hospital to convince her he needed money for cancer treatment. The article advises families to watch for warning signs like sudden mood changes or secretive behavior in loved ones, and recommends approaching suspected victims with gentle questions rather than accusations, as confrontation can actually strengthen the scammer's control over
deccanchronicle.com
· 2025-12-08
A retired government official in Hyderabad lost Rs 3.57 lakh after his Upstox trading account email was fraudulently changed and stocks were transferred without authorization, while a private employee lost Rs 17.48 lakh to an investment scam involving fake high-return schemes promoted via WhatsApp and Telegram between November 2024. The Rachakonda cybercrime police are investigating both cases to identify the perpetrators, with the second victim realizing the fraud only after being asked to pay additional taxes when requesting a refund.
scmp.com
· 2025-12-08
Multiple Hong Kong university students, particularly mainland students, have fallen victim to sophisticated phone scams where fraudsters impersonated law enforcement or government officials, with over 90 students from HKU and City University of Hong Kong defrauded of approximately HK$75 million (US$9.6 million) in recent months. The scams targeting this vulnerable population have increased dramatically, with monthly cases rising from an average of 24 to 91 between mid-2023 and October, prompting calls for enhanced cross-border protective measures.
aba.com
· 2025-12-08
The American Bankers Association Foundation launched its 2025 financial education campaigns as part of a three-year commitment to reach five million Americans, celebrating the organization's 100th anniversary. The Foundation's four national initiatives—Teach Children to Save, Get Smart About Credit, Safe Banking for Seniors, and Lights, Camera, Save!—provide free resources to banks and their employees, with new content for 2025 including updated materials on fraud prevention, cryptocurrency investment scams, money mule scams, and check fraud. Since 2023, nearly 40,000 bank volunteers from 1,115 banks have reached 1.7 million people through these programs.
newsbug.info
· 2025-12-08
Oak Grove Christian Retirement Village hosted an educational program featuring DeMotte police officials who presented information on elder financial abuse, which affects over 13% of American seniors annually and costs victims more than $3 billion yearly. The presentation covered eleven common scam types targeting seniors—including grandparent scams, charity fraud, phishing, and tax scams—while noting that victims aged 80-89, particularly women and those living alone, are most vulnerable, and that only 1 in 44 incidents are reported due to embarrassment and fear of losing independence. Attendees learned protective strategies such as verifying requests before sending money, monitoring financial statements, and reporting scams to the FTC or calling
eagletimes.com
· 2025-12-08
Scammers posing as Eversource energy company representatives are targeting customers in New Hampshire with threats to disconnect power unless they make immediate payments, using scare tactics to pressure victims into handing over money or personal information. Eversource and local police warn that the company never demands instant payment over the phone, requests gift cards or prepaid cards, or asks for personal information in unsolicited communications. Residents are advised to hang up on suspicious callers, verify requests through official company channels, and report incidents to local police.
cbsnews.com
· 2025-12-08
The Better Business Bureau warns of four common tax season scams: tax identity theft through phishing and data breaches, email phishing impersonating the IRS, IRS impersonation via spoofed phone calls demanding payment under threats of arrest, and fraudulent "ghost" tax preparers who charge high fees and disappear. According to the IRS, taxpayers lost $5.5 billion to tax scams and fraud in 2023, and the BBB recommends verifying businesses, using personal accounts for deposits, and filing early to protect against these schemes.
stomp.straitstimes.com
· 2025-12-08
Two elderly victims lost a combined $5.9 million ($1 million and $4.9 million) in December 2024 to scammers who impersonated overseas police officers in a multi-step scheme involving fake telecom officials, forged documents, and local cash mules. The scammers convinced victims their phone numbers were involved in criminal activity abroad, then posed as foreign law enforcement to pressure them into withdrawing cash for "safekeeping." Singapore police clarified that foreign law enforcement cannot conduct investigations in Singapore and that local police never request cash withdrawals or send identification card images for verification.
bbc.com
· 2025-12-08
Namibia's former First Lady Monica Geingos issued a public warning after scammers used manipulated videos and fake social media accounts impersonating her to defraud victims into investing in fraudulent forex schemes, with at least one person losing her entire retirement savings. The deepfake and voice-cloning scam has been ongoing for nearly two years and has worsened significantly in recent months, with fake accounts proliferating across TikTok, Instagram, and X using her image and similar-sounding voice to solicit money. Cyber-security experts note this type of celebrity impersonation scam is widespread across Africa and globally, with scammers exploiting the public's trust in well-
states.aarp.org
· 2025-12-08
Imposter scams using AI and deepfake technology are among the most prevalent forms of fraud in 2024, with Floridians reporting approximately 35,000 complaints to the FTC between January and September. Scammers impersonate government officials, celebrities, and tech support representatives to steal money and personal information through spoofed calls, texts, emails, and convincing video calls. The article provides red flags to recognize these scams—such as demands for cryptocurrency payments, unsolicited security alerts, and threats of arrest—and advises victims to report incidents to law enforcement or the AARP Fraud Watch Network Helpline.
kcentv.com
· 2025-12-08
The Temple Police Department is hosting a free Senior Scam Awareness Session on February 5 to educate community members about common scams targeting seniors, including Microsoft scams, IRS tax scams, Social Security/Medicare scams, and phishing schemes that typically request payment via prepaid cards, Bitcoin, or wire transfers. The session provides practical advice such as never sharing financial information with unverified callers, verifying contacts directly with banks, and checking official government websites for scam alerts. The event is open to all community members and aims to increase awareness of prevalent online and phone fraud tactics in Central Texas.
justice.gov
· 2025-12-08
KBWB Operations LLC (doing business as Atrium Health and Senior Living) and its former CEO Kevin Breslin pleaded guilty to health care fraud and tax conspiracy for operating 23 skilled nursing facilities in Wisconsin, New Jersey, and Michigan from 2015-2018. The defendants unlawfully diverted Medicare and Medicaid funds intended for resident care to personal expenses and owner distributions, failed to pay vendors and employee insurance premiums, and directed withheld employee taxes not to be paid to the IRS. Breslin faces up to 10 years in prison for health care fraud and five years for tax conspiracy, with both defendants subject to restitution and sentencing scheduled for May 7
wkbw.com
· 2025-12-08
U.S. Customs and Border Protection issued a warning about two phone scams: one using spoofed Border Patrol numbers claiming the victim is in the country illegally and requesting Social Security numbers and dates of birth, and another involving scammers posing as CBP officers with pre-recorded or live calls claiming a package containing drugs and money was intercepted and requesting banking information. CBP emphasized that the agency does not solicit money or conduct enforcement over the phone, and urged residents to hang up and report such calls to the Federal Trade Commission.
democratandchronicle.com
· 2025-12-08
U.S. Customs and Border Protection warned New Yorkers of a rise in two phone scams: one using caller ID spoofing to impersonate Border Patrol agents and claim the recipient is in the country illegally, and another using pre-recorded messages or live callers claiming drugs and money addressed to the victim have been intercepted. Both scams attempt to extract personal identifying information or banking details by pressuring victims. The agency advises residents to hang up immediately, note the caller's number, and report suspected scams to the Federal Trade Commission at reportfraud.ftc.gov.
abc7ny.com
· 2025-12-08
A Queens woman lost $700,000 in a gold bar scam after criminals installed malware on her computer and impersonated federal agents, convincing her that her bank accounts were hacked and she was under surveillance. The scammers manipulated her over two months through emails, phone calls, and texts, first draining her checking account with a $20,000 cash drop-off, then instructing her to purchase gold bars and coins from a Jackson Heights store in three separate transactions totaling nearly $700,000. The Nassau County District Attorney has arrested at least one alleged courier involved in this scam, which is occurring across the country.
express.co.uk
· 2025-12-08
Scam calls impersonating HMRC have increased by 84% since December, with fraudsters using automated messages in American-accented voices to threaten taxpayers with legal action and financial penalties ahead of the self-assessment deadline. Victims reported receiving intimidating calls claiming incorrect tax returns or demanding immediate payment, with scammers becoming aggressive when questioned. HMRC has warned the public never to share login details with unsolicited callers and provided red flags to identify fraudulent communications, noting that HMRC will never threaten legal action or arrest via voicemail.
indianexpress.com
· 2025-12-08
A 73-year-old retired Kerala High Court judge lost over Rs 90 lakh after joining a fraudulent WhatsApp group impersonating Aditya Birla Money, where scammers promised 850% returns on investments and disappeared with his funds. According to the Indian Cyber Crime Coordination Centre, Indians lost over Rs 120 crore to investment scams in Q1 2024 alone, with over 81,000 fake investment groups operating on WhatsApp. Investment scams typically involve fraudsters building trust through fake credentials, professional-looking platforms, and fabricated success stories, gradually escalating victim investments before vanishing with the funds.
aol.com
· 2025-12-08
Scammers are sending fraudulent text messages claiming unpaid toll fees, impersonating legitimate services like FastTrak and EZdriveMA, to trick recipients into clicking links and entering banking or credit card information. Authorities warn that these phishing scams originate internationally (including from the Philippines) and can lead to identity theft and account compromise. To protect themselves, consumers should avoid clicking links in suspicious messages, verify the legitimacy of the sender, and report scam texts to 7726.
malaysia.news.yahoo.com
· 2025-12-08
Two elderly Singaporeans lost a combined S$5.9 million in December to scammers impersonating overseas police officers who initially posed as telecommunications company officials claiming the victims' phone numbers were linked to criminal activities abroad. The scammers used fake police identification cards and forged documents delivered to victims' homes, then tricked them into withdrawing cash and handing it over to "cash mules" for safekeeping. Singapore police warned that foreign law enforcement cannot direct local residents in investigations and legitimate officers would never request cash withdrawals.
odishabytes.com
· 2025-12-08
The Odisha Crime Branch arrested two individuals from Madhya Pradesh for involvement in digital fraud schemes: Sachin Kolan was arrested for a Rs 1.06-crore digital arrest scam targeting a senior scientist in Bhubaneswar, with Rs 8.82 lakh traced to his account, and Sameer Ali was arrested for defrauding a Cuttack businessman of Rs 2.5 crore through a fake online investment scheme (TECHSTARS PRO) advertised via a WhatsApp group called Ram Investment Academy. The businessman invested Rs 2.58 crore between March and April before the scammers disappeared and demanded additional commissions to
legit.ng
· 2025-12-08
Nigerian national Okezie Bonaventure Ogbata, 36, pleaded guilty to operating a transnational inheritance fraud scheme that defrauded over 400 vulnerable Americans of more than $6 million between 2020-2024. The scheme involved sending fraudulent letters falsely claiming to originate from a Spanish bank and notifying victims of nonexistent inheritances, then coercing them to pay fabricated fees for taxes and delivery charges. Ogbata faces up to 20 years in prison at his sentencing scheduled for April 14, 2025, following successful international law enforcement collaboration involving U.S. and European authorities.
walkermn.com
· 2025-12-08
Scams targeting Americans 60 and older resulted in over $3.4 billion in losses in 2023, with imposter fraud rising significantly. The article provides seven protective strategies for older adults, including: ignoring unsolicited offers, avoiding suspicious links, being wary of pressure tactics, verifying remote access requests, withholding sensitive information, refusing to send money to unknown individuals, and designating a trusted contact at financial institutions.
thefinanser.com
· 2025-12-08
This educational article examines the growing scope of global fraud and scams, which cost an estimated $6 trillion annually worldwide—with businesses losing 5% of revenues and UK consumers losing £1.17 billion in 2023 alone. The piece highlights how technology and AI-generated deepfakes are enabling criminals to become more sophisticated, exemplified by a French woman who lost €775,000 (her entire divorce settlement) to a romance scam impersonating Brad Pitt using fake hospital photos and emotional manipulation. The article underscores the central challenge of digital identity: despite multiple security layers, criminals continue to exploit victims through convincing deception, with experts acknowledging they can