Cybercrime Shifts to Caller-as-a-Service Model
US elderly citizens alone lost a staggering $3.4B in 2023 to phone-based scams, highlighting the alarming rise of a highly organized and profitable fraud economy. This Caller-as-a-Service model has made it easier for scammers to specialize and scale their operations, putting even more people at risk.
#Callerasaservice #PhonebasedFraud #UsElderlyScams #FinancialCrimes #ScamEconomy
Well, this is... a number. Meta reportedly pulls 10% of its revenue from scams. Looks like 'move fast and break things' now includes breaking people's trust. What's your take on platforms profiting from fraudulent ads?
This is how I and any sane person reacts to AI
The Tech Hype Bubble: #VR Edition (w/ #ParisMarx) - #ScamEconomy #54
Longtime Wikipedia editor and Web3 is Going Great creator Molly White joins Matt Binder on Scam Economy to discuss why Wikipedia stopped taking cryptocurrency donations, how the Wiki community came together to make it happen, what happened when crypto advocates tried to stop the decision, the history of Wiki and cryptocurrency, and much more! Check out Web3 Is Going Great @ https://web3isgoinggreat.com. Visit ScamEconomy.com. Support the show: http://www.patreon.com/mattbinder
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