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)

Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
October 31, 2023  |  Fraud Prevention

They have different business models — but often compete for the same customers. And for banks and neobanks, there may be one commonality: The challenge...

READ MORE >
FTC to Require Non-Banking Financial Institutions to Report Data Breaches
FTC to Require Non-Banking Financial Institutions to Report Data Breaches
October 27, 2023  |  Regulation

The Federal Trade Commission (FTC) will require non-banking financial institutions to report certain data security breaches. In a unanimous decision, the regulator has approved an amendment to the Safeguards...

READ MORE >
This Week in AI: Deepfakes, Devices and Data Developments
This Week in AI: Deepfakes, Devices and Data Developments
October 06, 2023  |  Artificial Intelligence

It is almost generative artificial intelligence’s first birthday. Next month, it will have been a full calendar year since OpenAI first launched its ChatGPT product...

READ MORE >
FTC Says Social Media Most Common Contact Method for Scams
FTC Says Social Media Most Common Contact Method for Scams
October 06, 2023  |  Security & Fraud

Reported losses from scams originating on social media have reached $2.7 billion since 2021. That total has surpassed the losses associated with any other contact method, the Federal...

READ MORE >
Lawmakers Raise Concerns Over Social Media’s Deepfake Problem
Lawmakers Raise Concerns Over Social Media’s Deepfake Problem
October 05, 2023  |  Security & Fraud

Generative artificial intelligence (AI) can digitally create nearly everything and anything. And that is becoming a problem. One of the world’s most popular YouTubers, MrBeast,...

READ MORE >
Environmental and Fraud Concerns Could Kill Plastic Gift Cards
Environmental and Fraud Concerns Could Kill Plastic Gift Cards
September 28, 2023  |  Gift Cards

A ban on cards may be in the cards. Perhaps literally — at least for the plastic version of gift cards. The twin pressures that...

READ MORE >
CFTC Virtual Event to Focus on Investment Scams and AI
CFTC Virtual Event to Focus on Investment Scams and AI
September 25, 2023  |  Fraud Prevention

Fraud in the digital age will be the focus of an upcoming virtual event hosted by the Commodity Futures Trading Commission (CFTC). The event, “Technology and Fraud:...

READ MORE >
Rising QR Code Scams Point to Increasing Abuse of Tech
Rising QR Code Scams Point to Increasing Abuse of Tech
September 21, 2023  |  Security & Fraud

Where new technology and new payment preferences arise, the hackers and scammers are sure to follow. Where technology helps connect consumers to apps and payment...

READ MORE >
From Gift Cards to Email Compromise, Behavioral Scams Present Ongoing Threat
From Gift Cards to Email Compromise, Behavioral Scams Present Ongoing Threat
September 20, 2023  |  Fraud Attack

The rise of generative artificial intelligence (AI) has reshaped the cyber threat landscape. Firms increasingly rely on AI, and this reality is set to accelerate...

READ MORE >