In 2024, Americans reported losing a record $12.5 billion to scams, marking a 25% increase from the previous year, according to the Federal Trade Commission. This surge in fraud highlights a growing concern over digital scams, which have become increasingly sophisticated and widespread. Globally, fraud losses reached an estimated $1 trillion in 2023, with a notable rise in digital arrest scams. In Mumbai, an 86-year-old woman lost Rs 20.25 crore to a scam where fraudsters posed as law enforcement officials, threatening her with arrest over alleged Aadhaar misuse. Similarly, a 71-year-old woman in the U.S. fell victim to a scam involving fake federal agents investigating Amazon fraud, losing $125,000. In Toronto, residents lost $368 million to scams in 2024, while Arkansas reported $52 million in fraud losses. Cryptocurrency scams have also escalated, with California Attorney General Rob Bonta shutting down 42 fake cryptocurrency websites that scammed victims out of $6.5 million. The scams, known as 'pig-butchering' scams, involve building trust through social media before defrauding victims. The California DFPI identified 24 different types of fraud, including 7 new scam types, and closed 26 scam websites, uncovering $4.6 million in consumer losses based on 2,668 complaints. The rise in scams is not limited to financial fraud; there has been a significant increase in social media and email account hacks. In the U.K., reports of hacked accounts surged from 22,530 in 2023 to 35,434 in 2024, resulting in losses of £1 million. Scammers often use these compromised accounts to impersonate users and trick others into providing security codes. In Finland, cyber fraud cases reached 32,449, with phishing scams accounting for 4,000 cases, investment scams for 790, and romance scams for 460, totaling 84,200,000 euros in losses. WhatsApp has become a common platform for scammers, with reports detailing how hackers take over accounts to demand money from contacts. The Indian government and WhatsApp have initiated a joint effort under the 'Scam Se Bacho' campaign to educate users on recognizing and avoiding online scams. Additionally, new scams have emerged in Spain involving Bizum, and in the U.S., the New York Attorney General has filed complaints over insurance data breaches, while Hollywood stars are pushing for legislation against deepfake scams.