Now that Western cops and lawmakers are paying closer attention to online fraud operations, scam bosses in Cambodia are considering moving their work abroad, an insider explains. But they can probably afford not to hurry https://t.co/WPOuOKalM6 ...

Investigations into scamming operations by the West are a big step forward. Yet action against one alleged player can only ever make modest ripples in a business as massive as online fraud https://t.co/FU2IVWtrCD ...

Canada is launching a new financial crimes agency and making changes to banking laws to clamp down on online fraud and other scams https://t.co/Kw5zuYpWeD ...

Core Insights - The article highlights a significant rise in online fraud targeting US consumers, particularly through political scam ads on Meta's platforms [3][9] - A report from the Tech Transparency Project reveals that 63 scam advertisers spent a total of $49 million on Facebook and Instagram, primarily targeting seniors with misleading ads about government benefits [4][5] Group 1: Online Fraud and Scams - Surveys indicate a growing number of American adults are experiencing scams or impersonation attacks, with a notable increase in complaints from older adults [9][10] - The Federal Trade Commission reported a more than four-fold increase in complaints from older adults losing $10,000 or more to scammers since 2020 [10] Group 2: Meta's Role and Response - The Tech Transparency Project identified that scammers are exploiting advances in AI technology and Meta's lax content moderation to reach new victims [5][6] - Despite Meta's policies against scams, the report states that nearly half of the identified scam advertisers continued to run ads even after being flagged for policy violations [7] Group 3: Specific Examples of Scams - One notable scam involved an advertiser using a deepfake video of Donald Trump falsely promising stimulus checks, targeting individuals over 65 across more than 20 states [8][9] - The misleading ad directed users to a website claiming to offer a "FREE $5,000 Check from Trump," which was part of a broader trend of bogus stimulus offers circulating on social media [9]