Podcast: Red Flags for ‘Money Mule’ Scams
Amid the coronavirus pandemic, cybersecurity and fraud analysts have noted an uptick in “money mule” scams. Banks increasingly need to be on the lookout for the telltale signs of these scams.
Browsing: Scams
ABA Foundation, FTC Release New Infographic on Money Mule Scams
A new infographic released today by the ABA Foundation and the Federal Trade Commission highlights “money mule” scams—a type of scam in which criminals use their victims to move stolen funds.
ABA Data Bank: Losses from Romance Scams Increased 40% in 2019 to $201 Million
Read more about the FTC’s findings View the FTC/ABA Foundation infographic
Losses from Romance Scams Increased in 2019, FTC Finds
Consumers lost $201 million to romance scams in 2019, an increase of nearly 40% from a year prior, according to new data from the Federal Trade Commission’s Consumer Sentinel Network.
FTC Finds Impostor Scams Among Top Frauds in 2019
Impostor scams—in which scammers pose as representatives from the government or a well-known business, romantic interests or family members—were the number one type of fraud reported to the Federal Trade Commission’s Consumer Sentinel in 2019, the agency said today.
New ABA Foundation Infographic Provides Tips to Protect Veterans from Scams
A new infographic from the American Bankers Association Foundation, Association of Military Banks of America and the Better Business Bureau provides tips for veterans, active duty servicemembers and their families on how to protect themselves from financial scams targeting the military.
ABA Foundation, FTC Release Infographic on Fake Check Scams
The ABA Foundation and the Federal Trade Commission today released an infographic to help consumers recognize and understand the growing trend of fake check scams.
New Infographic Highlights Tips for Avoiding Online Dating Scams
A new infographic published by the ABA Foundation and the Federal Trade Commission alerts consumers to the growing threat of online data scams and provides tips for how they can protect themselves.
Fighting Financial Elder Abuse
By Laine Crosby
Protecting Your Older Customers
By Kate Young