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

Bitcoin Daily: Abra Users Can Now Take Out Loans On Crypto Collateral; OKEx To Exit South Korea Over New AML Rules
Bitcoin Daily: Abra Users Can Now Take Out Loans On Crypto Collateral; OKEx To Exit...
March 23, 2021  |  Bitcoin

Abra has rolled out Abra Borrow, which will help the company reach its goal of becoming a complete crypto bank, a company blog post stated....

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New FBI Report Details Shifts In Cybercrime And Strategies To Fight It
New FBI Report Details Shifts In Cybercrime And Strategies To Fight It
March 19, 2021  |  Security & Fraud

Everyone has heard of the CIA, and even the U.K.’s MI6. But what about IC3? Or the RAT team? No, they’re not organizations that will...

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Payroll Diversion, Supply Chain Crime Raise B2B Payment Fraud Alerts
Payroll Diversion, Supply Chain Crime Raise B2B Payment Fraud Alerts
March 15, 2021  |  B2B Payments

Criminals are creative, and when it comes to corporate payments, there are a plethora of ways scammers can infiltrate a transaction workflow to steal not...

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Bitcoin Daily: YouTube, Ripple Reach Settlement Over XRP Lawsuit; Bankrupt Crypto Investment Firm Had UK Fugitive Managing Capital
Bitcoin Daily: YouTube, Ripple Reach Settlement Over XRP Lawsuit; Bankrupt Crypto Investment Firm Had UK...
March 10, 2021  |  Bitcoin

YouTube and Ripple have agreed “to work together” after Ripple sued the video company last April for allegedly failing to remove XRP scams from its...

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Cybersecurity Firm Agari Warns Of Email Capital Call, Payroll Scams
Cybersecurity Firm Agari Warns Of Email Capital Call, Payroll Scams
March 03, 2021  |  B2B Payments

Agari unveiled the results of a six-month cybersecurity study, which support claims that email is the most popular conduit used by fraudsters. Capital call investment...

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How Banks And AP Departments Share The Burden Of Fighting Fraud
How Banks And AP Departments Share The Burden Of Fighting Fraud
March 01, 2021  |  B2B Payments

Fraud alarms continue to sound louder as the coronavirus crisis presses on. For corporates, the threat has evolved in a variety of ways, from attackers...

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How First Tech Federal Credit Union Uses AI To Coordinate Its Fraud-Fighting Defenses
How First Tech Federal Credit Union Uses AI To Coordinate Its Fraud-Fighting Defenses
February 22, 2021  |  Fraud Prevention

Financial institutions (FIs) face a dizzying array of cybercrime threats such as account takeovers and botnets that require multilayered defenses, but ensuring these layers cooperate...

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Bitcoin Daily: Bitcoin Marks New Record High Above $48,000; Miami Mayor Offers To Pay Workers With Crypto
Bitcoin Daily: Bitcoin Marks New Record High Above $48,000; Miami Mayor Offers To Pay Workers...
February 11, 2021  |  Bitcoin

Bitcoin hit a new record Thursday (Feb. 11), surging past $48,000, CNBC reported. The price surge followed reports that Bank of New York Mellon is...

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Fraudsters Use Telegram To Execute Restaurant Scam
Fraudsters Use Telegram To Execute Restaurant Scam
February 11, 2021  |  Security & Fraud

Digital trust and safety company Sift has discovered a new method of fraud in which scammers use the Telegram messaging technology to steal from eateries...

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