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

OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
September 04, 2024  |  Security & Fraud

Banks are confronting new, digital risks, and guarding against them demands a more agile, teamwork-focused approach. Michael Hsu, acting Comptroller of the Currency, said in...

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FTC Reports Tenfold Increase in Scams Involving Bitcoin ATMs
FTC Reports Tenfold Increase in Scams Involving Bitcoin ATMs
September 03, 2024  |  Security & Fraud

As bitcoin ATMs have been installed in more locations, they have become a “payment portal for scammers,” the Federal Trade Commission (FTC) said in a...

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Decoding Cybersecurity: Understanding FedRAMP and ISO 27001 Standards
Decoding Cybersecurity: Understanding FedRAMP and ISO 27001 Standards
August 30, 2024  |  News

Contemporary businesses operate in an era marked by surging cyberthreats and data breaches. That’s according to a Thursday (Aug. 29) joint cybersecurity advisory by the...

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Singapore Considers Bill Allowing Police to Stop Transfers to Scammers
Singapore Considers Bill Allowing Police to Stop Transfers to Scammers
August 30, 2024  |  Security & Fraud

Singapore is considering a bill that would allow police to order banks to temporarily prevent people from sending money to scammers. The country’s Ministry of...

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Mastercard Brings Payment Passkey Service to India
Mastercard Brings Payment Passkey Service to India
August 29, 2024  |  Mastercard

Mastercard chose India for the launch of its Payment Passkey Service. The online checkout security measure comes as India is dealing with a surge in...

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Dick’s Sporting Goods Uncovers Cybersecurity Breach
Dick’s Sporting Goods Uncovers Cybersecurity Breach
August 28, 2024  |  Cybersecurity

Dick’s Sporting Goods is the latest high-profile organization dealing with an information systems breach. The retailer revealed the incident in a filing with the Securities...

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Lumen: Chinese Hacking Group Breached 4 US Companies
Lumen: Chinese Hacking Group Breached 4 US Companies
August 27, 2024  |  Security & Fraud

Hackers tied to China breached four U.S. companies, according to cybersecurity researchers. Lumen’s Black Lotus Labs said in a Tuesday (Aug. 27) blog post that...

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Nigeria Targets Online Scams Following Meta Crackdown
Nigeria Targets Online Scams Following Meta Crackdown
August 26, 2024  |  Security & Fraud

Nigeria is reportedly eager to combat online extortion scams following a crackdown by Meta. The country’s Economic and Financial Crimes Commission is willing to work...

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Galileo: Banks Need to Predict Customer Experience to Combat Fraud
Galileo: Banks Need to Predict Customer Experience to Combat Fraud
August 26, 2024  |  Security & Fraud

Forget everything you knew about fraud and fraudsters. Financial institutions must grapple with the dual challenge of countering increasingly sophisticated fraud attacks as fraudsters harness...

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