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

Meta Teams With UK Banks to Fight Scammers
Meta Teams With UK Banks to Fight Scammers
October 02, 2024  |  Security & Fraud

Meta launched an anti-fraud information-sharing partnership with banks in the United Kingdom. The Fraud Intelligence Reciprocal Exchange (FIRE) is a “threat intelligence sharing program” that...

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British Banks Split on Charging Fraud Reimbursement Fees
British Banks Split on Charging Fraud Reimbursement Fees
September 30, 2024  |  Banking

British lenders are reportedly divided over whether to charge scam victims under new fraud reimbursement rules. Beginning Oct. 7, banks in the U.K. will be...

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CFOs Suit Up for Cyberwar as Risk Management Evolves
CFOs Suit Up for Cyberwar as Risk Management Evolves
September 27, 2024  |  Security & Fraud

Managing risk effectively is one of the best ways to unlock business growth. Risks range from financial and macro events to geopolitical and supply chain...

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Fidelity Investments Restricts Cash Management Accounts to Shut Down Fraud
Fidelity Investments Restricts Cash Management Accounts to Shut Down Fraud
September 27, 2024  |  Security & Fraud

Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash...

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Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
September 25, 2024  |  Blockchain

Cryptocurrency’s wild ride isn’t over yet. Regulators are closing in, and innovation is speeding up. It’s safe to say that the blockchain landscape remains a...

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HSBC: Tech Sector Should Help Refund APP Fraud Victims
HSBC: Tech Sector Should Help Refund APP Fraud Victims
September 24, 2024  |  Security & Fraud

British banking giant HSBC wants the tech industry’s help with new fraud reimbursement rules. The bank said the regulations expected to go into effect next...

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Craigslist Founder Craig Newmark Says US ‘Under Attack’ From Hackers
Craigslist Founder Craig Newmark Says US ‘Under Attack’ From Hackers
September 18, 2024  |  Cybersecurity

Saying the United States is “under attack,” Craigslist founder Craig Newmark reportedly made a $100 million cybersecurity pledge. Newmark said the country is at risk...

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FICO and Jersey Telecom Team to Combat APP Fraud 
FICO and Jersey Telecom Team to Combat APP Fraud 
September 18, 2024  |  Fraud Prevention

FICO is working with Jersey Telecom (JT) to push back against authorized push payment fraud. The analytics software company said Wednesday (Sept. 18) it has collaborated with the...

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FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
September 17, 2024  |  Legal

Defendants who allegedly enrolled consumers, without their knowledge, into continuity plans for products they did not buy will forfeit assets valued at $40 million and...

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