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

Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams
Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams
October 09, 2024  |  Security & Fraud

With another major hurricane on the way, three federal agencies are warning companies not to take advantage of these natural disasters and cautioning consumers to...

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OpenAI Says China-Backed Phishing Attempt Targeted Employees
OpenAI Says China-Backed Phishing Attempt Targeted Employees
October 09, 2024  |  Cybersecurity

OpenAI says hackers connected to the Chinese government attempted a phishing attack on its employees. The artificial intelligence (AI) company revealed the attempt Wednesday (Oct. 9)...

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SE Asia-Based Scam Groups Raked in $37 Billion in 2023
SE Asia-Based Scam Groups Raked in $37 Billion in 2023
October 07, 2024  |  Fraud Attack

Scammers based in Southeast Asia took in up to $37 billion in 2023. These groups are still ramping up their efforts in spite of increased...

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Scammers Duped Apple Into Replacing $2.5 Million Worth of iPhones 
Scammers Duped Apple Into Replacing $2.5 Million Worth of iPhones 
October 06, 2024  |  Apple

Two Chinese nationals have been jailed for tricking Apple into replacing counterfeit iPhones with authentic ones. Haotian Sun and Pengfei Xue, both Chinese citizens living...

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UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
October 03, 2024  |  Security & Fraud

U.K. FinTech Revolut has reportedly criticized Meta’s approach to combating financial fraud. As CNBC reported Thursday (Oct. 3), Revolut argues that the Facebook owner should be the one to provide compensation...

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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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