The handbook provides actionable insights and tools for developing multi-stakeholder responses to preventing and addressing digital scams.
Key takeaways include:
- Digital scams result in estimated global losses of over $1 trillion annually, accounting for about 1% of global GDP;
- Scams commonly exploit low-tech methods such as social engineering, impersonation, and financial fraud;
- The UNDP coalition advocates for a coordinated, global approach, with evidence suggesting that multi-sector collaboration could reduce scam-related losses by more than 30%; and
- Rapid digital adoption worldwide risks outpacing available safeguards, leaving millions of users susceptible to digital threats.
✅ Firms can review the latest handbook for fraud threats and vulnerability information which can be incorporated into anti-scam frameworks.
💡 Plenitude’s Fraud Practice can help you navigate this changing landscape. Prompt action and a strategic plan are key to ensuring your fraud risk management remains resilient, minimizes losses, and costs, and meets regulatory expectations. https://www.plenitudeconsulting.com/services/fraud-practice