Press Release Jun 11, 2024

Reports Spike in Scam Queries in 2024, Signals Need for Early Investor Action

Reports Spike in Scam Queries in 2024, Signals Need for Early Investor Action

Our data-backed findings on delayed fraud reporting were recently highlighted by Washington City Paper.

We are proud to share that we were recently featured in a national press release by Washington City Paper for our work analyzing the rising number of scam-related inquiries in 2024.

The coverage draws on our review of more than 83,000 digital fraud inquiries, revealing a crucial trend: most victims waited weeks — or even months — before reporting issues, often limiting the ability to recover lost funds or track fraudulent activity.

"Many victims try to resolve things quietly, hoping the issue will go away. But that delay can often mean the difference between taking action and losing options entirely," said a case advisor quoted in the release.

Highlights of the Article:

  • A significant increase in scam queries in 2024, especially involving investment platforms.
  • The psychological and practical reasons why victims hesitate to report.
  • How early intervention and public education can prevent further losses.
  • The role of our team in analyzing patterns and raising public awareness.

This media coverage reinforces our mission: to support victims, identify patterns early, and encourage faster reporting to help protect others from similar tactics.

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