In 2024, financial fraud in Brazil surpassed R$ 10 billion, with the head of the Federal Police referring to the situation as 'cangaço digital.' This alarming figure was corroborated by multiple reports, indicating that nearly 41 million Brazilians have fallen victim to various types of financial crimes, including card fraud and cloning. The Brazilian Federation of Banks (Febraban) highlighted these statistics during the 2nd Congress on Fraud Prevention and Cybersecurity. Additionally, the Federal Trade Commission (FTC) reported that U.S. losses to scams reached $12.5 billion in the same year, with a notable increase in job scams and fake employment agency losses, which surged from $90 million to $501 million between 2020 and 2024. The FTC also noted that social media platforms were a common avenue for scams, with victims losing a total of $1.9 billion when contacted through these channels.