>> Americans lost a record $10.3B to online scammers last year, FBI says
I laugh a little at the language. What is the net loss? How many Americans have gained money through online scams? If we want to talk about the impact to the economy, those dollars are not necessarily leaving the equation. Illegal market activity is still market activity.
I just had some fraudulent withdrawals on my bank account pretending to be paypal. They did the two sub-$1 authorization transactions, then took out $400 then "reversed" it by putting it back into my account... maybe to attract less suspicion and execute a larger fraud later?? Anyway, my bank reversed the withdrawals and I just got to keep the $400 the scammers deposited in.
I laugh a little at the language. What is the net loss? How many Americans have gained money through online scams? If we want to talk about the impact to the economy, those dollars are not necessarily leaving the equation. Illegal market activity is still market activity.