The world is full of scams but South Asia seems to have a bigger share of them than the rest of the world. Pakistan and India both neighboring countries have successfully made it to the list of most online scammers in the world.
In today’s digital world, it’s important to be aware of the potential risks of internet scams especially if you are living in a South Asian third-world country. With the rise of online shopping, social media, and digital banking, it’s becoming increasingly easier for criminals to hide behind a screen and target unsuspecting victims.
Pakistan
According to Banking Mohtasib Pakistan, it received 37,364 complaints of financial scams in 2021, which marked a 46% increase from the year 2020. In 2022, Banking Mohtasib Pakistan registered a total of 19,670 complaints.
Though Pakistan is not very advanced in terms of tech and IT advancements but its scamming, hacking, and online fraud portfolio is not very modest. Almost all of Pakistan’s banks were hacked in 2018 and huge sums of money were stolen from people’s accounts by the perpetrators.
The cyber-security incident exposed over 19,000 card details from 22 Pakistani banks. Among these, krebsonsecurity.com reported that over 8,000 account holders from roughly ten Pakistani banks had lately been sold on the dark web.
Financial scams and other frauds in Pakistan have become very common these days. Many people are robbed of their money every day by scammers through many methods.
Those responsible for such...
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