Survey: Third of bank customers hit by fraud in past year
More than one in three U.S. bank customers say they have been victims of financial fraud in the past 12 months, according to a new survey by J.D. Power.
Browsing: Scams
ABA reiterates support for FTC proposal against impersonators
In testimony, ABA once again urged the Federal Trade Commission to adopt rulemaking to prohibit the impersonation of government, businesses and their officials, and to prohibit entities from providing the “means and instrumentalities” for another to impersonate a government or business.
Americans blame themselves for falling for real-time payment scams
Most Americans say they are personally at fault when authorizing a real-time payment to a scammer, although most also believe their bank should refund the lost money, according to a new survey by FICO.
FinCEN releases analysis of real estate email scams
The median monthly value of real estate business email compromise scams increased in 2021 compared to the year before, according to a recent analysis of Bank Secrecy Act data by the Financial Crimes Enforcement Network
FTC: Consumers lost $8.8 billion to scams in 2022
Consumers lost nearly $8.8 billion to scams in 2022, representing a 30% increase from the previous year, according to Federal Trade Commission data released this week.
ABA, trade groups urge FCC to require call authentication for non-IP networks
ABA this week joined the Credit Union National Association and other trade associations in submitting a reply comment that reiterated their previous request that the Federal Communications Commission require voice service providers to implement a caller ID authentication solution over non-IP networks.
ABA, associations support FTC proposal against impersonators
The American Bankers Association and five financial and health care industry associations last week expressed support for a Federal Trade Commission proposal to prohibit the impersonation of government, businesses and their officials.
ABA Foundation, FBI release infographic on avoiding holiday scams
The American Bankers Association Foundation and the FBI today released a new infographic offering consumers tips to avoid online shopping scams this holiday season.
FTC data: Younger consumers more likely to report fraud
Consumers under 60 years old most often said scams originated from posts on social media.
ABA, banks seek to educate holiday shoppers about scams
With the holidays in full swing, the American Bankers Association and member banks across the country are stepping up efforts to educate consumers on the threat of scams and how to protect themselves this holiday shopping season.