The Economist | Online scams may already be as big a scourge as illegal drugs

For the article from *The Economist*, Mechelle B.J. Moore, CEO of Global Alms Incorporated, discussed with the writer the growing threat of online scams. She emphasized that scammers are increasingly sophisticated and skilled at exploiting technology to manipulate and deceive individuals, making it harder for people to recognize and avoid scams. Moore highlighted that online fraud is now pervasive, targeting vulnerable populations and causing significant emotional and financial harm. She pointed out the lack of robust systems in place to prevent these scams and the failure of both governments and tech companies to adequately address the problem.

She also mentioned that while technological solutions like AI can help detect scams, they are not enough on their own. Moore advocated for a comprehensive approach that includes better consumer education, improved law enforcement, and more stringent regulations for tech companies, to help reduce the overall impact of these scams on society. Her perspective painted a picture of an urgent need for global cooperation to combat the increasing threat of online fraud, which she believes is becoming as damaging to society as illegal drugs.

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