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

US, Canadian Authorities Save Company From $750K BEC Scam
US, Canadian Authorities Save Company From $750K BEC Scam
July 15, 2021  |  B2B Payments

An unnamed U.S. company was saved from losing approximately $750,000 after the Canadian Anti-Fraud Centre (CAFC) shared a tip about a potential business email compromise...

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FTC: Americans Lost Nearly $500M To COVID Fraud
FTC: Americans Lost Nearly $500M To COVID Fraud
July 14, 2021  |  Security & Fraud

The proliferation of fraud and scams involving COVID-19 has dealt heavy fiscal blows to Americans’ wallets, according to data from the Federal Trade Commission (FTC),...

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B2B Payment Ecosystems Tackle Business Email Compromise
B2B Payment Ecosystems Tackle Business Email Compromise
July 08, 2021  |  B2B Payments

When the likes of Google and Facebook can fall victim to B2B payments fraud, it’s time for companies of all sizes and industries to pay...

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Defending SMBs And B2B Against ID Fraud Chaos
Defending SMBs And B2B Against ID Fraud Chaos
July 02, 2021  |  B2B Payments

Amid the great digital shift, smaller firms are increasingly vulnerable to complex and ever-evolving fraud schemes. Get the Full Story Complete the form to unlock...

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Tech Glitch Shuts Down Government, News Websites In Europe And US
Tech Glitch Shuts Down Government, News Websites In Europe And US
June 08, 2021  |  Security & Fraud

Dozens of news and government websites went offline early Tuesday (June 8) due to a glitch at a cloud services provider. Get the Full Story...

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Bitcoin Daily: FTC Says Bitcoin Boom Draws Fraudsters; Basel Committee Advises Avoiding Crypto
Bitcoin Daily: FTC Says Bitcoin Boom Draws Fraudsters; Basel Committee Advises Avoiding Crypto
June 07, 2021  |  Bitcoin

A recent bitcoin boom is attracting scammers, The Wall Street Journal (WSJ) reported, citing the Federal Trade Commission (FTC). The lack of regulation and the...

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Should Banks Reimburse Businesses For Fraud?
Should Banks Reimburse Businesses For Fraud?
June 01, 2021  |  B2B Payments

Consumer fraud is an ugly beast, but often, individuals can sleep soundly knowing that instances of fraud are often covered by their banks. Corporates, however,...

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FinTechs Face PPP Probe Long After Emergency Business Loans Were Dispersed
FinTechs Face PPP Probe Long After Emergency Business Loans Were Dispersed
May 19, 2021  |  Loans

Long after nearly $800 billion in Paycheck Protection Program (PPP) life-line loans were rapidly dispersed to ailing businesses during the height of the pandemic, a...

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US Senators Want Regulators To Crack Down On Travel Scams
US Senators Want Regulators To Crack Down On Travel Scams
May 13, 2021  |  Regulation

With pandemic scams on the rise, two U.S. senators are calling on the Federal Trade Commission (FTC) to increase the agency’s efforts to protect consumers...

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