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

The Big Spike In ‘CEO Fraud’
The Big Spike In ‘CEO Fraud’
February 12, 2020  |  Security & Fraud

According to the 2019 edition of the FBI’s Internet Crime Report, last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the...

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Fraudsters Try New Spins On The BEC Scam
Fraudsters Try New Spins On The BEC Scam
January 27, 2020  |  B2B Payments

The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments...

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The B2B Payments Fraud Threat Of Internal Employees
The B2B Payments Fraud Threat Of Internal Employees
January 13, 2020  |  B2B Payments

It was a difficult week for businesses getting hit with cyberattacks, with foreign currency company Travelex among the most high-profile of recent cases. The currency...

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Law Enforcement Cracks Down On Corporate Payments Fraud
Law Enforcement Cracks Down On Corporate Payments Fraud
December 23, 2019  |  B2B Payments

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry, directly to corporates. The initiative enables 2,000 corporate...

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FTC Refunding $2.6M To Companies Duped By A-1 Janitorial
FTC Refunding $2.6M To Companies Duped By A-1 Janitorial
December 17, 2019  |  Security & Fraud

The Federal Trade Commission (FTC) is refunding over $2.6 million to small businesses that were scammed by A-1 Janitorial, a New York-based office supply company,...

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Deep Dive: How Reshipping Scams Deliver For Fraudsters
Deep Dive: How Reshipping Scams Deliver For Fraudsters
December 03, 2019  |  Fraud Prevention

The Better Business Bureau (BBB) has a warning for the public: When an offer appears too good to be true, that is probably the case....

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The Many Faces Of Employee Fraud
The Many Faces Of Employee Fraud
October 21, 2019  |  B2B Payments

Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. This week, IBM...

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Vocalink Teams With TSB To Stop Real Time Payments Fraud
Vocalink Teams With TSB To Stop Real Time Payments Fraud
September 26, 2019  |  Security & Fraud

TSB is teaming up with Mastercard’s Vocalink to roll out a solution to help prevent fraud and payment mix-ups, Vocalink announced in a press release...

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Scammers Hawk Bogus Libra Currency
Scammers Hawk Bogus Libra Currency
July 23, 2019  |  Security & Fraud

Facebook’s Libra has not even officially rolled out, yet there are already fake outlets springing up. The social media giant is now compelled to address...

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