Articles for tag: Better Business Bureau, Consumer Protection, cryptocurrency scams, financial grooming, investment scams, romance scams, scam awareness

Market News

BBB Report Reveals Financial Grooming Scams Cause Significant Dollar Losses: What You Need to Know to Protect Yourself

In 2024, investment scams, especially involving cryptocurrency, were identified as the riskiest scams, with a staggering 80% of victims reporting financial losses. A new report from the Better Business Bureau reveals that these scams often begin with scammers building trust through financial grooming techniques. Romance scams have also surged, now ranking as the third most ...

Market News

INTERPOL Advocates “Romance Baiting” Terminology Over “Pig Butchering” in Scam Awareness Efforts

INTERPOL is advocating for a shift in terminology regarding online scams, urging the use of “romance baiting” instead of the term “pig butchering.” This change aims to reduce the dehumanization of victims, encouraging them to seek help rather than feeling ashamed. Romance baiting refers to scams where victims are manipulated into investing in fake cryptocurrency ...

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