India is teaming up with tech giants Google and Facebook to step up efforts against "romance scams" that use cryptocurrencies for investment fraud.
The scams mainly target disadvantaged groups such as unemployed youth, housewives, students and financially disadvantaged individuals, according to the Indian Home Ministry's 2024 annual report. The report highlights the global nature of the problem, which also involves large-scale money laundering and cyber slavery. Cyber scammers often abuse Google's advertising services and Facebook's sponsored ads to launch fraudulent apps and malicious phishing schemes.
India partners with Google and Facebook to crack down on cryptocurrency romance scams
2025-01-05 05:41:05
India tech giants google facebook cooperate step up efforts crack down on exploitationdesk3cryptocurrencydesktopCrypto News
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