Scams

         Prevailing scams a growing concern

                                   Scams have become an unfortunate reality in today's developed and interconnected world, from phishing emails and calls to Ponzi schemes, these deceitful tactics continue to evolve, targeting all the fields of life from individuals to businesses worldwide. this is a global menace with far-reaching consequences.

           These scams devastate human psychology and the financial stability of individuals and the business community. there are so many scams we hear regularly in our daily routines like phishing scams, investment scams, identity theft, tech support, lottery, lottery, charity and so on.

Adverse effects on human psychology

                        The person who met those scams has gone through long-term adverse effects like anxiety, depression, and feelings of vulnerability. they lost trust in institutions and relationships, an individual felt shame and guilt and blamed themselves, and they went through different traumas throughout their life.

Financial disasters

                   These scams cause billions loss each year and cause financial instability, bankruptcy, and economic hardship. Many business closures are the result of scams.

There are so many real-

life examples of billions of loss like, The Bernie Madoff Ponzi scheme $65 billion lost, Yahoo data breach 3 billion accounts lost, the Romance scam epidemic, and so on.

Global initiatives and protection measures

                Globally many initiatives are taken to protect consumers but we should be aware of ourselves and be cautious with scam tactics, monitor our accounts, verify information, and report suspicious.

                   Stay informed, Stay safe