scams

Spot and avoid scams and unfair, deceptive, and fraudulent business practices with tips from the FTC, America's consumer protection agency. Learn about recent scams and how to recognize the warning signs.

Source: consumer.ftc.gov

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
December 07, 2020  |  B2B Payments

Business email compromise (BEC) scams continue to ravage company coffers. Indeed, the last week has seen the emergence of even more examples coming to light....

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Scammers Take Used Car Buyers For A Ride Amid Pandemic
Scammers Take Used Car Buyers For A Ride Amid Pandemic
November 04, 2020  |  Security & Fraud

Scammers are preying on used car buyers as demand surges for pre-owned vehicles amid the COVID-19 pandemic, according to a CBS report on Wednesday (Nov....

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FTC Reports $145M In COVID-Related Scams Since January
FTC Reports $145M In COVID-Related Scams Since January
September 22, 2020  |  Security & Fraud

More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported...

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Invoice Fraud Strikes Amazon In $19M Scam
Invoice Fraud Strikes Amazon In $19M Scam
August 24, 2020  |  B2B Payments

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New...

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FinCEN Warns Of COVID Scams Targeting FIs, Consumers
FinCEN Warns Of COVID Scams Targeting FIs, Consumers
August 02, 2020  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. Get...

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The Invoice Lands In The Corporate Cyber Fraud Spotlight
The Invoice Lands In The Corporate Cyber Fraud Spotlight
July 27, 2020  |  B2B Payments

Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice...

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FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic
FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic
July 21, 2020  |  Security & Fraud

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to...

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Why Traditional Fraud Methods Failed To Stop Public-Payout Systems Fraud
Why Traditional Fraud Methods Failed To Stop Public-Payout Systems Fraud
July 21, 2020  |  Security & Fraud

Some recently unemployed Americans who have attempted to file for jobless benefits are encountering a nasty shock: They’ve been robbed by canaries. Get the Full...

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CFPB Consumer Complaints Up 50 Pct During Pandemic
CFPB Consumer Complaints Up 50 Pct During Pandemic
July 20, 2020  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has recorded record-high numbers of complaints every month since the pandemic hit in mid-March, according to a press release...

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