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Global scam losses top $1 trillion warns anti-fraud chief
short by / on Monday, 13 October, 2025
Global Anti-Scam Alliance chair Rajat Maheshwari says countries underestimate scam losses, with $1.36 trillion stolen in 2024 and most victims not reporting. He urged a three-pronged response, sustained public education, smarter regulation (including shared liability for bank transfers), and cross-border data sharing with rapid fund-tracing tools. India, Singapore and the UK offer early models.
read more at The Core