the cloud-based and cross platform social media and instant messaging service. While Meta’ s applications – Facebook, Instagram and WhatsApp – still account for the largest share of reported scams globally at 44 %, Telegram’ s trajectory is the most cause for concern for financial institutions. Revolut’ s report records a 233 % year-on-year increase in fraud cases originating on the platform, a rate of growth that reflects how deliberately and effectively criminals have adapted to its features.

surge in fraud cases originating on Telegram year-on-year

of all reported scams globally are linked to Meta’ s platforms

fintechmagazine. com

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