U.S. Cyberscams Rise, Cost $159B
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potential scammersFox News
•Business
Business & Economics
How cyberscams are draining Americans wallets by the billions
73% Informative
Nearly 30% of Americans fell victim to fraudulent schemes in the U.S. in the past year alone.
Scams cost Americans over $159 billion annually , with average individual losses exceeding $ 3,500 per victim.
Many scams use forced labor operations in Southeast Asia to build trust through social media or messaging apps .
The rise of cyberscams is not just an economic issue but a moral one that demands immediate action.
With billions lost annually and countless lives disrupted, we cannot afford complacency in addressing this crisis.
Here are eight effective ways to safeguard against scammers: verify the identity of the person or organization contacting you.
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