Investment fraud

Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
August 22, 2023  |  Security & Fraud

Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals...

READ MORE >
FTC Refunds $542K to Consumers Scammed by Digital Income System
FTC Refunds $542K to Consumers Scammed by Digital Income System
June 01, 2022  |  Security & Fraud

The Federal Trade Commission will send 1,064 checks totaling over $542,000 to consumers harmed by a fake investment scheme, an agency press release said Wednesday...

READ MORE >
Corporate Cybercrime Makes Inroads In Australia
Corporate Cybercrime Makes Inroads In Australia
July 30, 2018  |  B2B Payments

Australia’s corporate entities are being hit by cybercrime, with bad actors posing as customers and suppliers and committing payments fraud, among other scams.  And in...

READ MORE >
Bank Of America Accused Of Aiding $102M Ponzi Scheme
Bank Of America Accused Of Aiding $102M Ponzi Scheme
June 27, 2018  |  Legal

Bank of America has been accused in a lawsuit of providing more than 100 accounts, used to carry out a $102 million Ponzi scheme. According...

READ MORE >