By The proliferation of cybercrime markets is fueling a surge in online scams, making it easier for criminals to target victims worldwide. Cybersecurity experts warn that the availability of hacking tools and stolen data on dark web platforms has empowered even novice criminals to launch sophisticated attacks.
“The dark web has become a one-stop shop for cybercriminals,” said a cybersecurity expert. “This has dramatically reduced the level of expertise needed to carry out online scams.”
Phishing attacks, fake investment schemes, and ransomware campaigns are among the most common scams. Recent reports indicate that losses from online scams have increased by 25% year-over-year, with victims losing billions of dollars globally.
Authorities are working to combat these threats, but the rapid evolution of cybercrime tactics poses significant challenges. Experts recommend adopting strong cybersecurity practices and staying informed about emerging threats.