Nepal Grapples with Rising Financial Fraud and Cyber Scams: An Expert Interview
Summary
Nepal is experiencing a rise in financial fraud and cyber scams, primarily through social media and investment deception, with experts emphasizing digital discipline and vigilance to prevent losses.
Key Points
- Financial crimes and cyber fraud incidents are increasing in Nepal, primarily through social media and digital platforms.
- Common scams include false investment schemes, social engineering, digital arrests using deepfake technology, and fraudulent employment offers.
- Recovery of defrauded money is difficult, so prevention via digital literacy and security practices is emphasized.
- Financial literacy and cautious handling of confidential information are crucial to combatting scams originating both from within Nepal and cross-border.
