Scammers Make Millions Selling Nonexistent Ozempic, Report Finds

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Scammers Make Millions Selling Nonexistent Ozempic, Report Finds
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McAfee researchers uncovered 176,871 phishing emails attempting to bait consumers for weight-loss drugs.

Weight-loss drugs are in high demand, and scammers are cashing in on the craze.Phishing attempts involving popular GLP-1 drugs—like Ozempic, Wegovy and Mounjaro—were up 183 percent in the first four months of 2024 compared to the final three months of 2023, according to new research from the online protection company McAfee.McAfee researchers uncovered 449 risky website URLs and 176,871 dangerous email phishing attempts.

Morgan Chase's asset management unit closed on a $500 million biotech venture-capital fund that will focus on weight-loss drugs: its top three choices are 'obesity, obesity and obesity,' Steve Squinto, the company's chief investment officer, told Bloomberg June 13.Weight-loss drugs are prime targets for scammers because they're both elusive and desirable, Abhishek Karnik, head of McAfee's Threat Research Team, told Newsweek.

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