Source: consumer.ftc.gov
When a financial institution loses billions of dollars to hackers, replacing the money is supposed to be the beginning of the recovery, not the end...
Banks have an opportunity to help more scam victims recover their money by making reporting what happened clearer. The September PYMNTS Intelligence report “Fraud’s Loyalty...
Binance stopped withdrawals after attackers stole $6.3 billion in digital assets on Oct. 30. The cryptocurrency exchange restored access in stages. By Monday (Nov. 2),...
The FBI accused three people of orchestrating a long-running $129 million artificial intelligence-powered impersonation scam, according to a Thursday (Nov. 5) press release from the...
Last week’s record hack of cryptocurrency exchange Binance prompted regulators in the United States to check in with the country’s banks, Reuters reported Thursday (Nov....
The Federal Trade Commission’s (FTC) battle against impersonation scams has included the removal of websites that impersonated the FTC itself, the agency said in a Thursday...
Regional and community banks and credit unions surveyed by PYMNTS Intelligence now report behavioral analytics and artificial intelligence adoption approaching the levels seen with large...
Rhode Island Attorney General Peter F. Neronha sued Meta Thursday (Oct. 22), alleging that the company fails to block advertisements for fraudulent products and financial...
Fraud losses reported by older adults increased fivefold between 2020 and 2025, leaping from $600 million to $3 billion, the Federal Trade Commission (FTC) said...