Employment scam victims tripled at financial firms in 21 countries
BioCatch reports employment scam victims rose 258% across 370+ financial institutions in 21 countries, outpacing every other scam type.
BioCatch's data from more than 370 banks and financial institutions in 21 countries shows reported employment scam victims more than tripled (258%) in 12 months, while total reported scams grew 35%. Investment scams cost the most at an average of $6,600 per case, and nine of ten scam sessions start on a mobile device. The report walks through session warning signs banks can detect before money leaves, and Operation Shamrock's Erin West highlights mule-account monitoring and financial sextortion, with FinCEN linking at least 36 U.S. teen suicides since 2021.
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