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

Impersonation Scams on the Rise Ahead of Holidays Prompting Response From Watchdogs
Impersonation Scams on the Rise Ahead of Holidays Prompting Response From Watchdogs
November 22, 2022  |  Security & Fraud

‘Tis the season to be … wary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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‘Imposter Calls’ Top FTC Complaint List
‘Imposter Calls’ Top FTC Complaint List
November 22, 2022  |  Security & Fraud

You pick up the phone and hear a recorded message, purporting to be from the IRS. For a moment, you’re worried, but eventually, you think...

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CFPB: Frauds and Scams Make up 40% of Crypto Complaints
CFPB: Frauds and Scams Make up 40% of Crypto Complaints
November 10, 2022  |  Security & Fraud

They call it “pig butchering.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
October 28, 2022  |  Bank Regulation

Three weeks after releasing a report focused on frauds and scams on Zelle, U.S. Sen. Elizabeth Warren has sent a letter to the Consumer Financial...

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CFPB: Active Network Duped Users Into $300M in Junk Fees
CFPB: Active Network Duped Users Into $300M in Junk Fees
October 18, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued Active Network, saying the online event registration company duped people into signing up for its discount subscription...

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Visa, MIT Reports: Card-Present Fraud Rising as In-Store Shopping Returns
Visa, MIT Reports: Card-Present Fraud Rising as In-Store Shopping Returns
October 06, 2022  |  Cybersecurity

As consumers have returned to shopping in physical stores, scammers have stepped up their use of card-present threats.  Get the Full Story Complete the form...

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SEC Charges Arbitrade, Cryptobontix in Connection With Crypto Pump-and-Dump Scheme
SEC Charges Arbitrade, Cryptobontix in Connection With Crypto Pump-and-Dump Scheme
September 30, 2022  |  Security & Fraud

The Securities and Exchange Commission (SEC) has filed charges against Bermudan company Arbitrade, Canadian company Cryptobontix and their principals. Get the Full Story Complete the...

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Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
September 14, 2022  |  Biometrics

Wessel Matthee, information security compliance manager at Entersekt, told PYMNTS that through the past few years, there’s been a shift in the ways in which...

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Today in Crypto: DeFi Platform Kyber Fixes Code That Led to $265,000 Theft; Russia Eyes Stablecoin Cross-Border Platforms
Today in Crypto: DeFi Platform Kyber Fixes Code That Led to $265,000 Theft; Russia Eyes...
September 06, 2022  |  Cryptocurrency

Multichain decentralized finance (DeFi) platform Kyber Network has said it’s removed an attack vector used in an exploit that saw $265,000 stolen on Sept. 1,...

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