#financial-loss

#financial-loss

Organizations are losing between $94 - $186 billion annually due to insecure APIs and bot abuse, with risks increasing exponentially.

Cybercrime complaints nearly doubled and total losses tripled from 2019 to 2023, highlighting a growing threat to both individuals and organizations.

iLearningEngines lost $250,000 due to a business email compromise involving a cybercriminal rerouting a wire payment.

Dave Portnoy lost $7 million due to stock market drop triggered by Trump's tariffs.

Trump Media and Technology Group's stock suffered a significant drop, losing 22% on Wednesday and an additional 14% on Thursday, impacting Trump's net worth.

Real estate scams can exploit hopeful homebuyers in a competitive market, as shown by the Josephs' experience.

Timeshare sales practices are often misleading, resulting in financial losses for owners. Third-party exit options can lead to further scams.

Long-distance romance with a purported celebrity turned out to be a scam costing the victim over $375,000.

Seniors are increasingly targeted by scams impersonating family members, with notable cases of financial loss via the 'grandson' scam.

Boeing is considering selling its NASA support unit amidst financial distress, including the Starliner program, after reporting significant losses. They aim to refocus on core areas.

Boeing aims to raise $19 billion to improve finances amid a costly worker strike and significant losses.

Boeing faces challenges in recovering from a record annual loss amidst production problems and safety issues.

Scammers are increasingly targeting seniors, leading to significant financial losses, highlighting the need for better protective measures and awareness.

Online scams are leveraging AI-generated images to mislead victims, becoming more sophisticated.

A French woman was scammed out of €830,000 by someone impersonating Brad Pitt through social media.

She divorced her husband, believing in a fabricated relationship with the scammer.

Victims of 'pig butchering' scams risk losing life savings as scammers build trust over time before abruptly stealing from them.

Many elderly individuals fall victim to online fraud through emotional manipulation, leading to devastating financial losses.

Beware of emotional scams that impersonate family members, as they can lead to significant financial loss.