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New GASA Report Estimates $688 Billion in Scam Losses Across Asia Amid Rising Cyberthreat Worldwide [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
SINGAPORE / ACCESSWIRE / October 14, 2024 / The Global Anti-Scam Alliance (GASA) has released the highly anticipated 2024 Asia Scam Report. Based on survey responses from 24,731 consumers across Asia, this annual report offers insights into the growing threat posed by scammers and their increasingly sophisticated tactics. Individual survey responses were extrapolated to report an estimated total loss of $688.42 billion over the last 12 months, a figure that represents a significant portion of the estimated $1.026 trillion global scam losses reported in GASA's 2023 data. This year's report highlights key trends such as the rise of AI-generated scam messages and the surge in social media-related fraud. Key Findings from the 2024 Asia Scam Report: Rapid Revictimization: Scam victims across Asia tend to be scammed repeatedly after they have been successfully targeted once. Singapore (-40%) and Japan (-17%) have reported a noteworthy reduction in average scam loss per victim, indi Show less Read more
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