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Fraudsters are increasingly using social media to scam investors, with losses reaching significant amounts globally. In Japan, investment and romance scams totaled ¥45.52 billion in 2023. The FBI reports a surge in online fraud, including a 22% increase in losses to $12.5 billion in 2023, with investment fraud accounting for $4.57 billion. Cryptocurrency scams are a growing concern, with victims losing millions to phishing schemes and fraudulent activities. Authorities are warning the public to be cautious and vigilant against these scams during National Consumer Protection Week.
Privacy Tip #390 – National Consumer Protection Week https://t.co/SAbRt0jhlT #consumerprotection #ftc #cybersecurity @RobinsonCole https://t.co/z8hGvmgetd
#NationalConsumerProtectionWeek Day 4: Alisa Bralove-Scherr, Deputy Director of the Mediation Unit in our Consumer Protection Division, highlights common scams and their warning signs on National Slam the Scam day. When someone asks you to pay them with gift cards,… https://t.co/UBt0X5ppyr
🛡️During National Consumer Protection Week, we want to urge businesses of all sizes to be mindful of their cybersecurity posture. Browse our small business resources here for ways to keep yourself secure: https://t.co/G5xQ3eyRhL https://t.co/O6NxdF752u