PYMNTS-MonitorEdge-May-2024

imposter scams

More Than Half of US Consumers Use P2P Apps to Send Money
More Than Half of US Consumers Use P2P Apps to Send Money
August 02, 2024  |  Security & Fraud

Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns...

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Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
August 22, 2023  |  Security & Fraud

Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals...

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FTC: Fraud Losses Surged 30% Last Year, Cost Consumers $8.8B
FTC: Fraud Losses Surged 30% Last Year, Cost Consumers $8.8B
March 01, 2023  |  Security & Fraud

Fraud has a price tag — and it keeps going up. As reported by the Federal Trade Commission last week, consumers lost $8.8 billion last...

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FTC: Fake Grandchildren Scam For Cash
FTC: Fake Grandchildren Scam For Cash
December 03, 2018  |  Security & Fraud

The Federal Trade Commission (FTC) warned Monday (Dec. 3) that a new scam is targeting people 70 and older, in which they are being tricked...

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Imposter Scams Bypass Identity Theft For First Time
Imposter Scams Bypass Identity Theft For First Time
March 06, 2017  |  Security & Fraud

Last year imposter scams bypassed identity theft for the first time as the second largest category of consumer complaints, according to the Federal Trade Commission’s...

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