Feb 28, 2024
Nigeria, with a population exceeding 200 million, harbours a significant segment engaged in fraud, notably the 419 targeting locals and the Yahoo Yahoo targeting foreigners via social media and email, employing tactics like advance-fee fraud, romance scams and phishing.
Image Source: istock
Many tech-savvy American youths exploit internet exposure for financial gain through scamming, targeting corporations and individuals with phishing, lottery and romance schemes, reflecting a concerning trend at the intersection of technology and fraud.
Image Source: istock
In India, mirroring Bollywood narratives, tech-savvy individuals adept at financial fraud employ deceptive tactics like OTP requests for delivery, leveraging methods such as phone cloning, hacking, fake QR codes and UPI links, as outlined by Easebuzz's CTO.
Image Source: istock
Chinese youths' early tech exposure fosters internet resourcefulness, fueling a rise in online scammers exploiting education and family values, while foreigners face risks of counterfeit products, investment scams, and sophisticated cyber crimes such as phishing.
Image Source: istock
In the UK, 10% of adults fell for scams last year, with 53% facing heightened scam exposure; prevalent scams include loan fee fraud, identity theft, and fake car insurance deals targeting vulnerable individuals, prompting FCA's advice to verify loan providers' authorization.
Image Source: istock
Russia, a technology hub, hosts skilled hackers, malware attackers and credit card fraudsters, in addition to traditional scams. The country's reputation for espionage and mafia connections further amplifies the spectrum of fraudulent activities observed.
Image Source: istock
In Brazil, fraud is rampant as scammers pose as attractive individuals to gain trust, alongside schemes involving public WiFi and overly friendly interactions targeting tourists, illustrating the breadth of deceptive practices prevalent in the nation's landscape.
Image Source: istock
South Africa grapples with rising investment scams like Ponzi schemes and fraudulent job offers targeting job seekers, emphasizing the need for thorough research and verification before engaging in financial transactions or sharing personal information.
Image Source: istock
In Romania, fraudulent activities, including online dating scams, auction fraud and phishing, have surged, with con artists employing various tactics to deceive unsuspecting victims and achieve their objectives consistently.
Image Source: istock
Foreigners flock to Canada for better living and work, but face heightened vulnerability to scams. Canadian Anti-Fraud Centre reports CAD 283.5 million lost in the 1st half of 2023, with over 21,200 falling victim to various schemes like lottery, identity theft, and phishing.
Image Source: istock
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