When Scams Go Corporate: The Trillion-Dollar Industry That’s No Laughing Matter
Scams are no longer just nuisances; they’re a trillion-dollar industry. With crime-as-a-service at their fingertips, scammers rank deceit over honest work. It’s a global game of cat and mouse where moral humans are outsmarted by unscrupulous ones, all while governments scramble to tackle crime on the streets and online.
Hot Take:
Scammers have gone from being the annoying telemarketer calling during dinner to full-blown criminal masterminds hosting elaborate heists – only now, they’re doing it from the comfort of their homes. Who knew the internet could turn grandma’s Nigerian prince email into a trillion-dollar industry?
Key Points:
– Arkose Labs predicts scams will cost the global economy $1.03 trillion in 2024.
– Crime-as-a-service (CaaS) is making scamming easier and more profitable than ever.
– Even major companies like Microsoft are not immune, battling groups like Storm-1152.
– El Salvador is a hotbed for scams, fueled by the adoption of Bitcoin.
– Social engineering has become a scammer’s best friend, turning charm into cash.