Financial fraud in Latvia continues to grow, and its forms are becoming increasingly complex. However, the main change is not only related to technology. More often, scammers do not hack systems but influence people's thinking and behavior.
According to the State Police, in 2025, more than 8,700 cases of fraud were registered in Latvia, with over 3,000 people losing money and total damages exceeding 23 million euros. This means that people across the country are facing fraud, and this problem has long gone beyond isolated incidents.
Modern schemes increasingly rely on psychological pressure. Scammers create a sense of urgency, play on fear, use authority, or promise quick profits. In such situations, people often make hasty decisions without verifying information.
The number of romantic fraud cases is also on the rise, where perpetrators build relationships to gain trust and then ask for money. In these situations, emotions and the desire to help play a key role, and a person often does not realize how they become entangled in manipulation.
It is important to understand that victims are not just inattentive or unprepared individuals. Scammers act purposefully and exploit natural human reactions. Therefore, anyone can be at risk.
The development of technology only exacerbates this problem. Artificial intelligence allows for the creation of increasingly convincing messages, letters, and even the imitation of a person's voice. A familiar voice or a convincing message is no longer a guarantee of safety.
At the same time, the main takeaway remains simple. To protect oneself, one does not need to be an expert in technology. Often, it is enough to pause and verify information before acting.
- Scammers are becoming increasingly convincing, and sometimes just one thoughtless step is enough to lose money, - notes Toms Vandans, head of IPF Digital Latvia.
As part of the social campaign "INVISIBLE," educational events were held in April in several cities - Dobele, Rezekne, Kuldiga, and Gulbene. Special attention was paid to the regions and engaging local residents.
During the meetings, participants learned about the most common fraud schemes, including phone calls, fraudulent SMS, emails, and investment offers.
The summary is as follows: take a pause and verify information!
