FinCEN: Financial institutions reported $27 billion in elder financial exploitation
Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022 ...
Tag: Scams
FinCEN warns of financial fraud with counterfeit passport cards
FinCEN, in coordination with the U.S. State Department, issued a notice to financial institutions on fraud schemes related to the ...
Treasury Department releases report on AI risks in financial services sector
Financial institutions should expand and strengthen their risk management and cybersecurity practices to account for AI systems’ advanced and novel ...
ABA, U.S. Postal Inspection Service launch effort to combat check fraud
ABA and the U.S. Postal Inspection Service announced a new joint initiative to combat the rapid rise in check fraud.
ABA to FCC: Protect critical calls to bank customers
ABA and seven trade associations urged the FCC to protect the ability of banks to place critical calls—such as fraud ...
Treasury Department: Investment fraud schemes cost consumers billions of dollars
Investment fraud schemes have surpassed business email compromise as the leading scam in terms of dollar losses to consumers, the ...
ABA: Fighting bank scammers requires a collaborative effort
Banks have been on the frontlines of innovation and deploying advanced capabilities to protect their customers, but the fight against ...
Nasdaq finds scams led to $486 billion in losses in 2023
Fraud scams and bank fraud schemes resulted in $485.6 billion in losses globally last year, according to Nasdaq’s 2024 Global ...
CFPB warns of impostor scams using agency employee names
The CFPB warned that scammers are using the names of agency employees to try to defraud the public.
Zelle, Vox Media launch anti-scam public education campaign
Payments provider Zelle and Vox Media announced the launch of a new media campaign designed to educate U.S. consumers about ...
