Survey: Banks See Business Email Compromise as Biggest Threat
Scams involving business email compromise—through which fraudsters target businesses and their fund transfers— were flagged by banks as the greatest ...
Tag: Scams
FTC: Romance Scams Rise 50% Since 2019
The amount of money consumers reported losing to romance scammers has increased by 50% since 2019 and has risen more ...
FBI Director: Cyber Criminals Targeting Banks’ Third Parties
When asked about threats specifically targeting banks, Federal Bureau of Investigation Director Christopher Wray urged banks to be wary of ...
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 ...
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 ...
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 ...
FinCEN Issues Warning on COVID-19 Medical Scams, Notice on Reporting
The Financial Crimes Enforcement Network today issued an advisory on medical scams related to the coronavirus pandemic—the first in a ...
COVID-19 Scams and the Elderly: Inspiring Savvy Seniors
Compliance professionals are uniquely positioned to educate older Americans about the growing number of scams surrounding the pandemic.
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 ...
