The holiday season is often associated with joy, generosity, and connection. Yet, it also marks a peak period for financial fraud and scams. Cybercriminals exploit the surge in online shopping and charitable giving, deploying sophisticated schemes through phone calls, text messages, and emails that promise rewards or threaten consequences.
This is not a seasonal phenomenon; it is a thriving, year-round enterprise. In 2024, consumers reported losses exceeding $12.5 billion to scams, a 25% increase over the prior year. Bitcoin ATM-related fraud alone accounted for $250 million,...