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

CFPB: Active Network Duped Users Into $300M in Junk Fees

CFPB: Active Network Duped Users Into $300M in Junk Fees
CFPB: Active Network Duped Users Into $300M in Junk Fees
October 18, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued Active Network, saying the online event registration company duped people into signing up for its discount subscription...

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Visa, MIT Reports: Card-Present Fraud Rising as In-Store Shopping Returns
Visa, MIT Reports: Card-Present Fraud Rising as In-Store Shopping Returns
October 06, 2022  |  Cybersecurity

As consumers have returned to shopping in physical stores, scammers have stepped up their use of card-present threats.  Get the Full Story Complete the form...

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SEC Charges Arbitrade, Cryptobontix in Connection With Crypto Pump-and-Dump Scheme
SEC Charges Arbitrade, Cryptobontix in Connection With Crypto Pump-and-Dump Scheme
September 30, 2022  |  Cybersecurity

The Securities and Exchange Commission (SEC) has filed charges against Bermudan company Arbitrade, Canadian company Cryptobontix and their principals. Get the Full Story Complete the...

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Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
September 14, 2022  |  Biometrics

Wessel Matthee, information security compliance manager at Entersekt, told PYMNTS that through the past few years, there’s been a shift in the ways in which...

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Today in Crypto: DeFi Platform Kyber Fixes Code That Led to $265,000 Theft; Russia Eyes Stablecoin Cross-Border Platforms
Today in Crypto: DeFi Platform Kyber Fixes Code That Led to $265,000 Theft; Russia Eyes...
September 06, 2022  |  Cryptocurrency

Multichain decentralized finance (DeFi) platform Kyber Network has said it’s removed an attack vector used in an exploit that saw $265,000 stolen on Sept. 1,...

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FTC Warns Public About Student Loan Forgiveness, Payment Pause Scams
FTC Warns Public About Student Loan Forgiveness, Payment Pause Scams
August 26, 2022  |  Cybersecurity

The federal government’s plan to forgive some student loans isn’t up and running yet, but it’s certainly been getting a lot of coverage in the...

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Today in Crypto: Celsius Can Operate Through 2022, CFO Says; ‘Pig Butchering’ Scammers Fatten Up Victims
Today in Crypto: Celsius Can Operate Through 2022, CFO Says; ‘Pig Butchering’ Scammers Fatten Up...
August 21, 2022  |  Cryptocurrency

Stocks related to crypto were down Friday (Aug. 19), with bitcoin losing momentum and falling below $22,000 due to bigger fears in the economy. Get...

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Authorized Push Payment Fraud Is Fastest Growing Scam for One Good Reason
Authorized Push Payment Fraud Is Fastest Growing Scam for One Good Reason
August 17, 2022  |  Cybersecurity

The financial services industry has done a good job safeguarding consumers from third-party fraud — that age-old ruse in which bad actors steal personal information,...

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