Source: consumer.ftc.gov
The 43% of scam victims who pay fraudsters within an hour present banks with an obvious problem. There may be almost no time to stop...
Watch more: The Digital Shift With Operation Shamrock’s Erin West The morning before she spoke with PYMNTS CEO Karen Webster, Erin West took a call...
Decades-old payment technology is reportedly helping scammers steal hundreds of millions of dollars from the welfare system. It’s part of an operation led by Romanian...
The House approved legislation Tuesday (Sept. 15) aimed at giving state and local law enforcement more resources to investigate sophisticated financial scams targeting older consumers...
Card theft and account breaches remain major threats, but some of today’s fastest-growing fraud schemes begin earlier by targeting identity itself. Criminals increasingly use artificial...
Last week, Revolut revealed that customer data had been exposed in an email scam. Now, the U.K. FinTech is dealing with extortion threats from a...
Fraudsters are reportedly trading massive scam operations for smaller and more profitable schemes using artificial intelligence (AI). That’s according to Giles Thomson, president of the Financial Action...
An email-based scam has reportedly led to the leak of Revolut customer data. The British FinTech says sensitive information from a “limited number” of customers...