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

Singapore Considers Bill Allowing Police to Stop Transfers to Scammers
Singapore Considers Bill Allowing Police to Stop Transfers to Scammers
August 30, 2024  |  Cybersecurity

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  |  Payment Methods

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  |  Cybersecurity

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  |  Cybersecurity

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  |  Cybersecurity

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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Visa Reportedly Weighing $925 Million Featurespace Acquisition
Visa Reportedly Weighing $925 Million Featurespace Acquisition
August 25, 2024  |  Partnerships

 Visa is reportedly considering a multimillion-dollar bid for fraud-prevention firm Featurespace. The payments giant is in advanced talks about a possible sale, Sky News reported...

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UK Banks Struggle With ‘Ambiguous’ Fraud Reimbursement Rules
UK Banks Struggle With ‘Ambiguous’ Fraud Reimbursement Rules
August 21, 2024  |  Cybersecurity

Banks, FinTechs and payments companies in the United Kingdom are reportedly struggling with the country’s new fraud rules. The entities have until Oct. 7 to...

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Mastercard Executive Urges Companies to Embed Security in Their Business DNA
Mastercard Executive Urges Companies to Embed Security in Their Business DNA
August 20, 2024  |  Cybersecurity

In today’s operating landscape, cybersafety and business success tend to go hand in hand. While understanding the tactics, techniques and procedures (TTPs) employed by a...

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