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)

Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
July 07, 2023  |  Regulation

The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards of the Affordable Care Act. These short-term plans have taken advantage...

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Report: Hacker Group Demands Reddit Reverse Plans to Charge Fees
Report: Hacker Group Demands Reddit Reverse Plans to Charge Fees
June 20, 2023  |  Security & Fraud

A hacker group has reportedly raised the stakes after getting no response from Reddit. The group known as BlackCat is now not only demanding a $4.5...

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Senators Demand Answers From Venmo and Cash App on Fraud
Senators Demand Answers From Venmo and Cash App on Fraud
June 16, 2023  |  Security & Fraud

A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. The four senators — Sherrod Brown of Ohio, Elizabeth Warren...

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Behavioral-Driven Fraud Is Having a Modern Day Renaissance
Behavioral-Driven Fraud Is Having a Modern Day Renaissance
June 09, 2023  |  Security & Fraud

Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance. Whether through business email compromise (BEC) attacks or account takeover...

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Commonwealth Bank of Australia Begins Restricting Payments to Crypto Exchanges
Commonwealth Bank of Australia Begins Restricting Payments to Crypto Exchanges
June 08, 2023  |  Cryptocurrency

Commonwealth Bank of Australia has started declining or holding for 24 hours certain payments to cryptocurrency exchanges. Within months, the bank will also begin limiting customer...

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China Cracks Down on AI Amid Rise in Deepfake Scams
China Cracks Down on AI Amid Rise in Deepfake Scams
May 22, 2023  |  Security & Fraud

China has reportedly heightened scrutiny of “deepfake” tech amid a rise in artificial intelligence (AI)-driven fraud. Worries about the potential for AI to assist in...

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PYMNTS Intelligence: How Fraud Damages P2P Payment Organizations
PYMNTS Intelligence: How Fraud Damages P2P Payment Organizations
May 02, 2023  |  Digital Payments

Fraud is a constant worry for companies of all types, driven by the sheer variety of different fraud methods that bad actors deploy. Man-in-the-middle attacks,...

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An Insider Details the Best Protections Against Push Payment Fraud
An Insider Details the Best Protections Against Push Payment Fraud
May 01, 2023  |  Digital Payments

Faster payments have brought significant benefits for consumers, but they also bring the risk of push payment fraud, something that Lee Kyriacou, vice president of...

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Hindenburg Research Accuses Dorsey’s Block of ‘Wild West Approach’ to Compliance
Hindenburg Research Accuses Dorsey’s Block of ‘Wild West Approach’ to Compliance
March 23, 2023  |  Security & Fraud

Block saw its stock tumble Thursday (March 20) after a short seller accused it of misleading investors. A report by Hindenburg Research, which the firm...

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