Treasury urges banks to file cyber scam reports, noting nearly $13 billion in losses since 2023

The US government is encouraging banks to report cyber scams, citing significant financial losses. Nearly $13 billion has been lost to these scams since 2023. The government's request is aimed at gathering more information about the impact of cyber scams on bank customers. This effort is a response to the growing global cyber scam industry. The goal is for banks to share data on the scams affecting their customers.