Here’s how Amazon helps protect consumers from scammers
Scammers are constantly refining their tactics and everyone needs to be vigilant. According to the Reserve Bank of India’s (RBI) annual report for FY 2023-24, there was a near three-fold increase in reported cases of fraud using digital payment gateways to 36,075, up from 13,564 in the previous 12months. The Global Anti-Scam Alliance’s Global State of Scams report estimates that consumers lost over $1 trillion globally in 2023. Scammers use a combination of sophisticated techniques as well as social engineering to exploit consumer trust.