Scam Space in Digital Economy: A Case Study

• A case in Hyderabad highlighted the misuse of deepfakes in cryptocurrency trading.

• Scams exploit limited technical literacy, regulatory gaps, and the use of AI-generated deepfakes.

• Despite widespread smartphone penetration, many users are unable to identify online manipulation and are motivated by the promise of quick profits.

• Public awareness campaigns are uneven and general, leaving many vulnerable to sophisticated forms of deception.

• Most countries do not classify scams with the same clarity as conventional securities, creating an environment where fraudsters operate with impunity.

• Social media platforms, the main channel for these scams, often respond passively, focusing on user self-protection rather than proactive detection.

• Governments need to define standards for registration, disclosure, and cross-border cooperation.

• Technical literacy should be a public policy priority, with continuous awareness efforts supported by educational institutions.

• Social media platforms should be required to remove fraudulent content proactively.

Online scam trends 2025 is important topic for Civil service exam (WBCS).

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