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

Bumble Taps AI to Take Sting Out of Catfishing
Bumble Taps AI to Take Sting Out of Catfishing
February 05, 2024  |  Authentication

Bumble is employing artificial intelligence (AI) to ensure its dating profiles aren’t, well, artificial. “Our most recent research made one thing very clear: our members are...

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New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
January 30, 2024  |  Legal & Regulation

New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor...

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eCommerce Firms Use Advanced Screening Tools to Combat Tech-Driven Fraud
eCommerce Firms Use Advanced Screening Tools to Combat Tech-Driven Fraud
January 26, 2024  |  Cybersecurity

eCommerce firms are grappling with the widespread impact of fraud, and according to PYMNTS Intelligence research, more than 80% encountered true fraud — verified instances...

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Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
January 18, 2024  |  Cryptocurrency

Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings...

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Attack Vectors 2024: Protecting Against What’s Next in Deepfake Fraud 
Attack Vectors 2024: Protecting Against What’s Next in Deepfake Fraud 
January 09, 2024  |  Fraud Prevention

“Dad, please send them the money. They say they are going to hurt me.” It is every parent’s worst nightmare: their child in trouble, being...

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Meta Apologizes for Fraudulent Ads Featuring Billionaire Wissam Al Mana
Meta Apologizes for Fraudulent Ads Featuring Billionaire Wissam Al Mana
December 15, 2023  |  Facebook / Meta

Qatari billionaire Wissam Al Mana reportedly emerged victorious in a legal battle against Meta over the unauthorized use of his image in cryptocurrency scam advertisements...

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FTC Raises Red Flags Over QR Codes and Fraud
FTC Raises Red Flags Over QR Codes and Fraud
December 07, 2023  |  Cybersecurity

Consumers who scan a QR code for what they think is a legitimate purpose could actually be giving their personal information to scammers. The Federal Trade...

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Banks Harness AI as Weapon Against Rising Tide of Tech-Fueled Fraud
Banks Harness AI as Weapon Against Rising Tide of Tech-Fueled Fraud
November 28, 2023  |  Artificial Intelligence

For banks, artificial intelligence is both foe and friend in the eternal battle against fraud. Foe because the bad actors are harnessing advanced technologies to...

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FinCEN Alerts Financial Institutions About Ongoing ERC-Related Fraud Schemes
FinCEN Alerts Financial Institutions About Ongoing ERC-Related Fraud Schemes
November 22, 2023  |  Cybersecurity

Fraud related to COVID-19 relief programs continues to occur “at a concerning scale.” Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), said this...

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