New data reveals a concerning trend as Americans faced a staggering $12.5 billion loss due to fraud scams in 2024. This highlights the increasing sophistication and aggressiveness of fraudsters, targeting unsuspecting citizens through various schemes. Scams ranged from identity theft to elaborate phishing attacks, exploiting both the tech-savvy and the digitally naive. As fraudsters continue to evolve their tactics, experts stress the importance of public awareness and robust cybersecurity measures to combat this rising threat. Additionally, financial institutions and lawmakers are being urged to enhance protections and implement stricter regulations to safeguard individuals. This significant financial impact underscores the need for heightened vigilance and continued education on scam prevention strategies. As fraud continues to rise, staying informed and proactive remains crucial for all Americans.
FOX 5 DCNew data shows substantial growth in UK’s aerospace, defense, and space sectors
June 17, 2025
In the latest growth revelation, new data from ADS uncovers that the combined value of the aerospace, defense, security, and space industries has surged by