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

FinCEN Highlights Ways Financial Institutions Can Combat Relationship Investment Scams
FinCEN Highlights Ways Financial Institutions Can Combat Relationship Investment Scams
February 26, 2025  |  Security & Fraud

Financial institutions should watch for suspicious activity that may indicate relationship investment scams and should use specific Suspicious Activity Report (SAR) filing instructions and key...

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SMBs Need to Cut the Check Before Checks Cut Them
SMBs Need to Cut the Check Before Checks Cut Them
February 04, 2025  |  B2B Payments

It’s 2025, and yet many of America’s businesses are still stuck in the past, stubbornly clinging to paper checks. The problem with doing payments the same...

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Chainalysis Bolsters Fraud Detection Capabilities With Alterya Acquisition
Chainalysis Bolsters Fraud Detection Capabilities With Alterya Acquisition
January 13, 2025  |  Acquisitions

Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and FinTechs to identify scammers and protect the...

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McAfee Debuts AI-Powered Scam Detector Tool
McAfee Debuts AI-Powered Scam Detector Tool
January 06, 2025  |  Security & Fraud

McAfee debuted a tool to combat the rising tide of text, email and video scams. Get the Full Story Complete the form to unlock this...

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Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules
Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules
January 06, 2025  |  Security & Fraud

The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise,...

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90% of Cyberattacks Originate With Phishing Emails
90% of Cyberattacks Originate With Phishing Emails
January 02, 2025  |  Fraud Attack

Phishing scams targeting corporate executives are reportedly increasing thanks to AI. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Report: Bank Employees Help Scammers Dig Into Customer Data
Report: Bank Employees Help Scammers Dig Into Customer Data
December 30, 2024  |  Security & Fraud

Low-level bank employees are selling customer information to scammers, exposing a weakness in financial institutions’ risk protections. Get the Full Story Complete the form to...

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Bluesky Clouded by Scammers as Social Platform’s Popularity Grows
Bluesky Clouded by Scammers as Social Platform’s Popularity Grows
December 22, 2024  |  Social Commerce

Bluesky’s rising popularity in the social media space is not without growing pains. Get the Full Story Complete the form to unlock this article and...

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CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
December 20, 2024  |  Legal

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and...

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