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Google Issues Stark Warning: Cybercrime Losses to Hit $13.8 Trillion by 2028
Abstract：Cybercrime is a new-age problem in the digital world. As we move further into the internet era, new internet-related challenges are emerging—cybercrime being one of the most serious among them.
Cybercrime is a new-age problem in the digital world. As we move further into the internet era, new internet-related challenges are emerging—cybercrime being one of the most serious among them.
What is Cybercrime?
Cybercrime is any crime that happens using AI , Computers or the Internet. It includes things like:
• Online scams to steal money.
• Hacking into someones account.
• Stealing personal information online.
• Spreading viruses or harmful software.
On Tuesday, during the 'Safer with Google India Summit,' Google introduced its Safety Charter aimed at supporting Indias AI-driven transformation. Google said, Amid a surge in cyber threats and online criminal activity, global entities could face losses of up to $13.82 trillion by 2028.
The Google Safety Charter estimates that Indian organizations could face cybercrime-related losses of up to ₹20,000 crore in 2025.
Preeti Lobana, Vice President and Country Manager, Google India, said “At Google, safety isn't an afterthought—it's embedded in our design principles, engineering processes, and company culture. Our AI systems constantly evolve to detect new threats and scams, even recognising malicious patterns in attacks that have never been seen before,”
In India, reports indicate a sharp rise in cyber fraud, with scammers increasingly using advanced tactics such as AI-generated content, deepfake videos, and voice cloning to carry out highly convincing scams.
According to Google Data
According to Googles Safety Charter, UPI-related frauds cost Indians over ₹1,087 crore in 2024. That same year, Google removed more than 247 million ads and suspended 2.9 million accounts for breaking its ad rules.
Using AI to detect threats and working with other industries, Google made a big difference—Google Pay alone helped stop ₹13,000 crore worth of financial fraud in 2024.
To keep users safe online, Google Messages now blocks over 500 million scam texts every month and has used on-device AI to warn users about more than 2.5 billion suspicious links.
Stay Informed with the Latest Forex Broker News
If you're interested in reading more informative articles about forex brokers, we recommend downloading the WikiFX App. Stay updated with the latest developments in the forex market—including scam alerts, regulatory warnings, new broker features, and in-depth broker exposés. You can access all this valuable information directly through the WikiFX App or by visiting the News section on the WikiFX website.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Close Up With WikiFX —— Take A Close Look At Amillex
With the rapid growth of global multi-asset investment markets, the differences among regional forex markets have become increasingly significant. As a forex broker information service platform operating in more than 180 countries and regions, WikiFX is dedicated to helping investors in every market identify reliable brokers. Therefore, we have launched an exclusive interview series —— "Close Up With WikiFX", offering in-depth conversations with local brokers. This series aims to dive deep into frontline markets and provide first-hand information, helping investors gain a clearer and more comprehensive understanding of quality brokers.
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Seacrest Markets Exposed: Are You Facing Payout Denials and Spread Issues with This Prop Firm?
Seacrest Markets has garnered wrath from traders owing to a variety of reasons, including payout denials for traders winning trading challenges, high slippage causing losses, the lack of response from the customer support official to address withdrawal issues, and more. Irritated by these trading inefficiencies, a lot of traders have given a negative review of Seacrest Markets prop firm. In this article, we have shared some of them. Take a look!
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GKFX Review: Are Traders Facing Slippage and Account Freeze Issues?
Witnessing capital losses despite tall investment return assurances by GKFX officials? Do these officials sound too difficult for you to judge, whether they offer real or fake advice? Do you encounter slippage issues causing a profit reduction on the GKFX login? Is account freezing usual at GKFX? Does the United Kingdom-based forex broker prevent you from accessing withdrawals? You are not alone! In this GKFX review guide, we have shared the complaints. Take a look!
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Is Seaprimecapitals Regulated? A Complete Look at Its Safety and How It Works
The straightforward answer to this important question is no. Seaprimecapitals works as a broker without proper regulation. This fact is the most important thing any trader needs to know, because it creates serious risks for your capital and how safely the company operates. While this broker offers some good features, like the popular MetaTrader 5 platform and a low starting deposit, these benefits cannot make up for the major risks that come from having no real financial supervision. This article will give you a detailed, fact-based look at Seaprimecapitals regulation, what the company claims to do, the services it provides, and the clear differences between official information and user reviews. Our purpose is to give you the information you need to make a smart decision about the risks and benefits of working with this company.
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