Episode Details

In this episode of Global Economic Press, Alex Brady discusses the alarming rise in internet-enabled fraud, which has reached crisis levels with Americans reporting losses of 16.6 billion dollars in 2024. This marks a 33 percent increase from the previous year, as reported by the Federal Bureau of Investigation’s Internet Crime Complaint Center 2024 Annual Report. Seniors have been particularly affected, suffering 4.8 billion dollars in losses, a 43 percent surge from 2023, with an average individual loss of 83,000 dollars per victim. In response to this growing threat, Cybersmarts.ai and Business Risk Solutions have announced a strategic partnership aimed at preventing fraud before it occurs. This alliance brings together the expertise of Dr. Troy Williams, a renowned Private Investigator and Artificial Intelligence Scientist, and Jim Hughes, a Certified Identity Theft Risk Management Specialist, to redefine fraud defense strategies for the digital age.

Their prevention-first approach is built on four strategic pillars: Prevention-Driven Education, Early Risk Recognition, Behavioral Fraud Awareness, and Proactive Protection Strategies. These pillars aim to equip individuals and organizations with the knowledge and tools to recognize and thwart fraud attempts before they cause harm. Dr. Williams, with over 33 years of experience, has developed an international patent-pending artificial intelligence-driven financial fraud detection system that incorporates quantum-resistant encryption and blockchain integration. Jim Hughes, known for his practical, nontechnical education programs, has been instrumental in empowering seniors, families, and caregivers to recognize and resist modern fraud tactics. Together, Williams and Hughes will deliver joint fraud prevention education initiatives, speak at various platforms, coauthor publications, and develop prevention-focused defense strategies for individuals, seniors, families, and organizations nationwide. For more information, visit Cybersmarts.ai.