Wire · regulatory
U.S. turns to Nigeria for help fighting a global threat after Americans lose $148 billion, with ...
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Fusion42 · 4 November 2026 · Fusion42 review
The U.S. is strengthening law enforcement cooperation with Nigeria to combat a surge in global online scams and cybercrime that caused American losses of $148.2 billion in 2025, largely linked to cryptocurrency and AI-enabled fraud. Meta's platforms face lawsuits for allegedly enabling scams, increasing regulatory scrutiny on major social media companies.
This Wire brief sits within Fusion42's coverage of Cybersecurity.
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You face rising risk as regulators force Meta and US agencies to crack down on social media scams backed by crypto and AI. Now is the time to sharpen compliance and revisit your partnerships in cross-border fraud prevention.
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1 source · 4 Nov 2026
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