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

Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
November 22, 2024  |  Fraud Prevention

With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers...

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Panel: Data-Driven Paradigms Future-Proof Security Lifecycle Management
Panel: Data-Driven Paradigms Future-Proof Security Lifecycle Management
November 22, 2024  |  Payments Innovation

As digital payments scale, the sophistication of scams matches their pace. This ongoing dichotomy forces payment ecosystems to adopt more adaptive and resilient fraud prevention...

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BioCatch Unveils ‘Behavior-Based’ Financial Crime Intelligence Network
BioCatch Unveils ‘Behavior-Based’ Financial Crime Intelligence Network
November 20, 2024  |  Cybersecurity

Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” The BioCatch Trust Network is designed to protect...

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AI Video Tool Scams Target Content Creators
AI Video Tool Scams Target Content Creators
November 18, 2024  |  Artificial Intelligence

Cybersecurity researchers have uncovered a sophisticated malware campaign using fake AI video generation software to steal sensitive data from Windows and Mac users, highlighting new...

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How 21st Century CISOs Balance AI Risks Against Rewards
How 21st Century CISOs Balance AI Risks Against Rewards
November 14, 2024  |  Artificial Intelligence

Artificial intelligence is a double-edged sword for modern enterprises. The role of the chief information security officer (CISO) is central to protecting financial transactions and...

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Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
October 30, 2024  |  Banking

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle...

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Trending: Intensity of Financial Scams Builds Pressure on Banks to Regain Consumer Trust
Trending: Intensity of Financial Scams Builds Pressure on Banks to Regain Consumer Trust
October 29, 2024  |  Cybersecurity

The flood waters have yet to recede. In Florida, the devastation is not fully accounted for, and the costs are not fully tallied. All of...

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Amazon and Google File Dual Lawsuits Against Fake Review Site
Amazon and Google File Dual Lawsuits Against Fake Review Site
October 28, 2024  |  Legal & Regulation

Amazon and Google are taking action against a website that generates fake product/business reviews. The two tech giants have filed parallel lawsuits against Bigboostup.com, accusing it of selling...

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Socure to Create ‘Single View of Identity’ With Effectiv Acquisition
Socure to Create ‘Single View of Identity’ With Effectiv Acquisition
October 24, 2024  |  Partnerships

Socure plans to acquire Effectiv to create a unified identity, fraud and risk decision engine and offer its partners a “single view of identity.” The...

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