AMSTERDAM, June 30, 2022 (GLOBE NEWSWIRE) — The Global Anti Scam Alliance and ScamAdviser surveyed 2,575 consumers from across the world asking them about their experience with trying to get their money back from scammers.
Curiously, most of the victims have reported being from Asia (39%) and Africa (32%). This goes to show that not only do several scams originate in those places, but scammers may be victimizing more people domestically than internationally.
Most money is lost to Investment Scams
Investment scams (40%) seem to be the most common scams that consumers are getting trapped in. This is followed by Shopping Scams (15%), Money Recovery Scams (13%), and Job Scams (10%). Consumers are also losing money to Subscription Scams (7%), Romance Scams (5%) and Phishing (4%).
Individual losses are not large but seriously impact victims
Most of the survey participants lost less than $100 (32%). 11% lost a huge sum of money ($5,000 to $10,000) and 7% did not lose any money. However, 66% said that getting scammed had a significant negative impact on their finances.
Victims lost money majorly through Cryptocurrency
The payment methods most favored by scammers are Cryptocurrency (29.8%) and bank transfer (21.1%). Scammers also favor Credit Card (12.4%) and Electronic Money Transfer (11.9%).
68.8% of the victims did not try to get their money back
Not only did most victims not try to recover their funds, but it was also further reported that 66.1% of the…
