The United States has been identified as the country losing the most money to scams, with an average loss of $3,500 per person, according to the latest data from the Global Anti-Scam Alliance (2023-2024). This staggering figure highlights a growing global trend, with scammers increasingly targeting individuals in developed nations using sophisticated digital tactics.

Denmark follows closely, with an average loss of $3,100, while Switzerland, Sweden, and South Korea each report average losses between $2,700-$3,000. The top 10 countries most affected by scams, based on average loss per victim, also include Singapore, Japan, the United Arab Emirates, Canada, and New Zealand.

While African countries do not appear on the list in terms of monetary loss, the continent's involvement in the scam economy is increasingly being spotlighted – not as victims, but often as the source of the perpetrators. Criminal syndicates in countries such as Nigeria, Ghana, and South Africa have gained notoriety for orchestrating romance scams, investment frauds, and phishing schemes, many of which target unsuspecting victims in wealthier nations.

These schemes often rely on social engineering, impersonation, and cryptocurrency, making them difficult to trace. Africans involved in such operations often exploit weak cyber laws, lack of enforcement, and high unemployment to build elaborate online fraud businesses. In recent years, Interpol and local cybercrime units have launched crackdowns on internet fraud gangs, with notable arrests in Lagos, Accra, and Johannesburg.

However, experts warn that these are merely the tip of the iceberg. The Global Anti-Scam Alliance has urged all countries – especially those with emerging digital economies – to implement stricter cyber laws, data protection policies, and digital literacy campaigns to combat the growing threat of scams.

The organisation emphasizes the need for a unified international response to stem the tide of scam-related losses, protect victims, and hold perpetrators accountable – regardless of where they operate. As the global scam epidemic continues to spread, it is clear that a coordinated effort is necessary to combat this complex and evolving threat.

In conclusion, the latest data from the Global Anti-Scam Alliance serves as a stark reminder of the need for increased vigilance and cooperation in the fight against scams. As the digital landscape continues to evolve, it is essential that individuals, businesses, and governments work together to stay one step ahead of scammers and protect the integrity of the global economy.