"Investment Scams Grow, 13,000 Domains Detected in January 2024"

According to the Federal Trade Commission (FTC), experts have detected and blocked nearly 13,000 fake investment platform domains across more than 7000 IPs in January 2024, a 25% increase from December 2023.  The FTC noted that the investment scams accounted for over $4.6b in fraud losses in the United States alone in 2023, marking a troubling 21% increase from the previous year. Security researchers at Netcraft said these scams often operate through sophisticated fraudulent investment websites, enticing victims through email solicitations, social media posts, or deceptive advertisements. One common strategy involves recruiting users through social media platforms or messaging apps, where self-proclaimed "experts" or "financial analysts" tout investment opportunities. These individuals, often bots engaging in scripted conversations, create the illusion of legitimacy and profitability, ultimately leading victims to deposit funds into fake investment platforms.

Infosecurity Magazine reports: "Investment Scams Grow, 13,000 Domains Detected in January 2024"