scams

Spot and avoid scams and unfair, deceptive, and fraudulent business practices with tips from the FTC, America's consumer protection agency. Learn about recent scams and how to recognize the warning signs.

Source: consumer.ftc.gov

CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
December 20, 2024  |  Legal

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and...

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Velera Partners With The Knoble to Combat Financial Crimes
Velera Partners With The Knoble to Combat Financial Crimes
December 18, 2024  |  Partnerships

Credit union service organization Velera partnered with The Knoble to combat human crime, which includes human trafficking, child exploitation, financial scams, elder abuse and other...

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Bureau Raises $30 Million for Anti-Fraud Campaign With PayPal Ventures’ Help
Bureau Raises $30 Million for Anti-Fraud Campaign With PayPal Ventures’ Help
December 18, 2024  |  Investments

Fraud prevention/compliance platform Bureau has raised $30 million in a Series B round. The new funding round, which included participation by PayPal Ventures, will help Bureau use artificial...

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QR Codes Are Everywhere — But Are They Safe for Payments?
QR Codes Are Everywhere — But Are They Safe for Payments?
December 18, 2024  |  Security & Fraud

QR codes have become a common feature in retail, marketing and payment systems, changing the way businesses engage with consumers while offering convenience and efficiency....

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Revolut Introduces Fraud Protection for Crypto Customers
Revolut Introduces Fraud Protection for Crypto Customers
December 17, 2024  |  Cryptocurrency

Revolut will reportedly offer new anti-fraud security measures to its cryptocurrency customers starting next year. “In the crypto space, there’s a little bit of an issue with...

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Fraud Expert Claims Four Key Pillars of Risk Threaten Consumer and Merchant Circle of Trust
Fraud Expert Claims Four Key Pillars of Risk Threaten Consumer and Merchant Circle of Trust
December 17, 2024  |  Security & Fraud

Trust is a balancing act as companies, banks and merchants collaborate to make everyday financial life and commerce a reality. Featurespace Chief Operating Officer Tim...

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HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
December 16, 2024  |  Bank Regulation

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that...

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FTC Warns of ‘Massive Jump’ in Online Job Scams
FTC Warns of ‘Massive Jump’ in Online Job Scams
December 12, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of online job scams called “task scams.” The FTC received 20,000...

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Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
December 11, 2024  |  Security & Fraud

Featurespace was granted a U.S. patent for its adaptive behavioral analytics technology. This artificial intelligence-powered technology improves fraud detection and prevents real-time scams by learning...

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