FTC: Social Media Scams Accelerate in First Half of 2020
Scams that start on social media have been increasing for years and climbed from $134 million total reported losses in ...
Tag: Fraud
ABA Foundation, FTC Partner for Impostor Scam Information Campaign
The ABA Foundation, in collaboration with the Federal Trade Commission, released a new infographic today to educate consumers on impostor ...
Fraud-Related Losses Rise Among Older Consumers
Consumers aged 60 and older lost nearly $440 million to fraud in 2019, a $40 million rise from the prior ...
Study: Banks See Fewer Fraud Attempts in 2019
Banks saw fewer monthly fraud attempts in the first half of 2019 compared to the first half of 2018, according ...
ABA Vice Chairman Warns of Growing Phishing ‘Crisis,’ Previews New ABA Campaign
With the Federal Trade Commission estimating that American’s lost $1.48 billion to phishing scams in 2018, ABA Vice Chairman Scott ...
DOJ: Financial Institutions ‘Strong Partners’ in Detecting, Reporting PPP Fraud
Banks and other financial institutions have been “strong partners” in assisting the Department of Justice and law enforcement detect and ...
P2P Payments, Card-Not-Present Drive 2019 Growth in Debit Transactions
Even before consumers’ acceleration to online shopping due to the pandemic, card-not-present debit transactions rose 21% year-on-year in 2019, according ...
FinCEN Warns of COVID-19-Related Cyber Fraud
The Financial Crimes Enforcement Network issued an advisory alerting financial institutions to several types of cybercrime and cyber-enabled crime connected ...
FinCEN Alerts Banks to Virtual Currency Scam Involving Twitter Accounts
The Financial Crimes Enforcement Network today warned financial institutions about a recent high-profile scam through which fraudsters exploit prominent Twitter ...
FinCEN Warns of Impostor, Money Mule Scams Connected with COVID-19
The Financial Crimes Enforcement Network today issued an advisory alerting financial institutions to imposter scams and money mule schemes connected ...
