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

PPP Remains A Favorite Target Of Fraudsters
PPP Remains A Favorite Target Of Fraudsters
April 12, 2021  |  B2B Payments

Fraudsters have discovered yet another way to infiltrate the Paycheck Protection Program (PPP), and the business email compromise (BEC) continues to reign as the biggest...

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How Merchants Fight Fire With Fire When Facing AI-Equipped Fraudsters
How Merchants Fight Fire With Fire When Facing AI-Equipped Fraudsters
April 12, 2021  |  Fraud Prevention

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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EU Institutions Hit With ‘Significant’ Cyberattack
EU Institutions Hit With ‘Significant’ Cyberattack
April 06, 2021  |  Security & Fraud

A number of European Union institutions — among them the European Commission — were the target of a “significant” cyberattack last week, Bloomberg reported on...

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Jumio CEO: Helping FIs Solve Digital Identity’s ‘Last Mile’ Problem
Jumio CEO: Helping FIs Solve Digital Identity’s ‘Last Mile’ Problem
April 05, 2021  |  Security & Fraud

As so much of daily life and transactions move online, the digital-first economy is not without its new challenges. For example, the problem of identity...

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FBI Looks Back At The BEC Scam’s Accelerating Evolution
FBI Looks Back At The BEC Scam’s Accelerating Evolution
March 29, 2021  |  B2B Payments

In the ever-inflating fight against corporate fraud, criminals continue to explore new avenues to steal company funds. Yet technology providers are innovating quickly, too, to...

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UK Bank Fraud Cases Nearly Doubled In 2020
UK Bank Fraud Cases Nearly Doubled In 2020
March 25, 2021  |  Security & Fraud

Criminals in Great Britain are exploiting people’s COVID-19-related anxiety to carry out an increasing number of online and technology-aided scams. Get the Full Story Complete...

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US Pandemic Scams, Fraud Cost Consumers $382 Million
US Pandemic Scams, Fraud Cost Consumers $382 Million
March 24, 2021  |  Security & Fraud

As COVID-19 stimulus funds continue hitting bank accounts and mailboxes, a new Federal Trade Commission (FTC) report is alerting people to beware of pandemic-related scams,...

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Bitcoin Daily: Abra Users Can Now Take Out Loans On Crypto Collateral; OKEx To Exit South Korea Over New AML Rules
Bitcoin Daily: Abra Users Can Now Take Out Loans On Crypto Collateral; OKEx To Exit...
March 23, 2021  |  Bitcoin

Abra has rolled out Abra Borrow, which will help the company reach its goal of becoming a complete crypto bank, a company blog post stated....

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New FBI Report Details Shifts In Cybercrime And Strategies To Fight It
New FBI Report Details Shifts In Cybercrime And Strategies To Fight It
March 19, 2021  |  Security & Fraud

Everyone has heard of the CIA, and even the U.K.’s MI6. But what about IC3? Or the RAT team? No, they’re not organizations that will...

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