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)

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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Crypto Winter Didn’t Chill Fraudsters Ability to Score $20 Billion in 2022
Crypto Winter Didn’t Chill Fraudsters Ability to Score $20 Billion in 2022
March 06, 2023  |  Cryptocurrency

Even the criminals have felt the chill of the crypto winter. Kim Grauer, director of research at Chainalysis, told PYMNTS that the state of crypto-related...

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Persistent Fraud Has Smart Businesses Switching From Playing Defense to Offense
Persistent Fraud Has Smart Businesses Switching From Playing Defense to Offense
March 03, 2023  |  Fraud Prevention

Fraud is unavoidable, and scams affecting today’s businesses only getting smarter and more sophisticated. With modern advances come corresponding vulnerabilities, and in the challenging macroclimate...

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Retail Crypto Investors Find Hope in Recent Regulatory Actions
Retail Crypto Investors Find Hope in Recent Regulatory Actions
February 28, 2023  |  Cryptocurrency

The cryptocurrency market is off to a better start in 2023 than many expected post-FTX. This, as a spate of recent industry actions and regulatory...

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TD Bank and HBSC Make ‘Monumental’ Settlement in $7B Ponzi Case
TD Bank and HBSC Make ‘Monumental’ Settlement in $7B Ponzi Case
February 27, 2023  |  Legal

A group of banks have agreed to settle a lawsuit tied to a $7 billion Ponzi scheme. Among these is TD Bank, which announced in...

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UK Regulator Blocked 14X More Misleading Financial Promotions in 2022
UK Regulator Blocked 14X More Misleading Financial Promotions in 2022
February 03, 2023  |  Security & Fraud

The U.K.’s financial regulator sent out over 1,800 alerts last year to protect consumers from financial scams. In a Friday (Feb. 3) press release, the...

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Crypto Hackers Stole Billions Last Year by Targeting DeFi
Crypto Hackers Stole Billions Last Year by Targeting DeFi
February 02, 2023  |  Cryptocurrency

Adding to the cryptocurrency sector’s 2022 woes, hackers stole $3.8 billion from crypto companies last year. This, as a new crypto crime report from blockchain...

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Online Scam Complexity Is Paradoxically Keeping Banks’ Fraud Controls Offline
Online Scam Complexity Is Paradoxically Keeping Banks’ Fraud Controls Offline
January 20, 2023  |  Security & Fraud

As long as banks have been around, they’ve been tremendously attractive targets for “robbers.” The tit-for-tat between bad actors chasing after bank deposits has evolved...

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Binance and Huobi Recover Some Funds From 2022 Harmony Hack
Binance and Huobi Recover Some Funds From 2022 Harmony Hack
January 16, 2023  |  Security & Fraud

Cryptocurrency exchanges Binance and Huobi have recovered some of the funds stolen in last year’s hack of Harmony. “We detected Harmony One hacker fund movement,”...

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