Can America Cure Its Online Fraud Epidemic?

INTERNET fraud; CREDIT card fraud; LAW offices; INVESTMENT fraud; CONSUMER fraud; FEDERAL crimes; TASK forces; SOCIAL media

The article aims to highlight America's lagging efforts in tackling online fraud compared to other Western countries. It emphasizes the rising epidemic, with losses reaching $9 billion in 2022, a five-fold increase in three years. The lack of coordination, resources and regulatory changes in the U.S. may exacerbate the problem, leaving millions exposed, while other nations, like the U.K., adopt more holistic strategies and regulatory measures to counter the threat.