Online scams are on the rise as cybercrime markets expand, providing criminals with easy access to hacking tools and stolen data. Cybersecurity experts warn that the growing sophistication of these markets has made it easier for criminals to target individuals and businesses.
“The dark web has evolved into a central platform for cybercriminals,” said a cybersecurity analyst. “This has resulted in a sharp rise in online scams, such as phishing and ransomware campaigns.”
Recent data shows that losses from online scams have surged by 25% year-over-year, with victims losing billions of dollars globally. Authorities are struggling to keep pace with the rapidly evolving tactics of cybercriminals.
Experts urge individuals and businesses to adopt strong cybersecurity measures, such as multi-factor authentication and regular software updates, to protect themselves from these threats.