Phishing scams on X have cost $104M, highlighting the need for better security measures
X, the rebranded platform formerly known as Twitter, continues to grapple with rampant phishing scams, resulting in substantial financial losses for unsuspecting users. In the first half of 2023, phishing incidents on X escalated, claiming over $104 million globally. This surge raises concerns about the platform’s ability to effectively combat cyber threats and protect its user base.