-
Visualizing Global Losses from Financial Scams
Last year, financial scams led to almost half a trillion dollars in losses worldwide, roughly equal to the GDP of Singapore. As fintech has advanced globally, cyber-criminals have exploited various platforms in complex attacks. Often, they will steal customers’ account information on digital payment systems and online banking sites as a highly lucrative form of attack. This graphic shows the scale of financial losses from scams and schemes, based on data from Nasdaq’s Global Financial Crime Report for 2024. The Most Common Types of Financial Scams In 2023, there were $485.6 billion lost in total from financial ... (full story)