The Actual News

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Scammers are open for business. Washington isn’t.

Scammers are open for business. Washington isn’t.

Summary

Experts warn that scams costing billions of dollars are increasing worldwide. They say the federal government should focus on working with other countries, sharing information between agencies, and holding companies responsible to fight this problem.

Key Facts

  • Scams are becoming a multi-billion dollar global issue.
  • Criminal groups run many of these scams.
  • Experts call for stronger international law enforcement cooperation.
  • They suggest better information sharing between institutions.
  • Holding companies accountable is seen as important to stop scams.
  • The federal government currently does not prioritize this problem enough.
  • Fighting scams requires coordinated action across countries and sectors.
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