Scammers are making more money per episode of fraud, new government data suggests. While the number offraud reports recordedthrough the Federal Trade Commission's database fell to 2.4 million in 2022 from 2.9 million, the aggregate loss from those instances reached nearly $8.8 billion. That's ...
Since 2021, Americans lost $2.7 billion in scams from social media, the Federal Trade Commission said in a scamreportpublished Friday. And that figure is only a fraction of the actual harm, as most cases of fraud go unreported, the agency noted. People continue to fall victim to social med...
Here's how to protect yourself against scammers, according to Pennsylvania State PoliceIf someone reaches out purporting to be a member of Geek Squad's tech support team, they could be an imposter trying to take your money.Electronics retailer Best Buy and its Geek Squad tech help arm was t...
Phony bank fraud prevention alertswere the most common type of text scam last year. “People get a text supposedly from a bank asking them to call a number ASAP about suspicious activity or to reply YES or NO to verify whether a transaction was authorized. If they reply, they’ll get a ...
The Federal Trade Commission has established a toll-free phone number that makes it easier and cheaper for consumers to report fraud.NORMAND M
Scammers may have even created new accounts in other names tied to your address, allowing them to post lots of seemingly-real reviews. "We recommend keeping an eye on your online shopping accounts. If you spot activity that isn't yours, report it to the site right away, and think about...
The “FTC COVID-19 and Stimulus Reports: Consumer Sentinel Network Reports” databaseis a graphical representation of up-to-date scam statistics that is powered by the free Tableau Public platform. When you visit the webpage, you’re greeted by a map of the United States that includes a “...
While the country was busy celebrating Star Wars Day and Cinco de Mayo, the FTC took a number of actions in the consumer protection realm. The agency reported success stories in relation to a credit repair scam, a multi-level marketing scheme, and even deceptively-advertised Internet speeds. ...
Because the government has passed legislation offering various kinds of financial relief to consumers, some scammers are trying to take undue advantage of that, too. In one effort to combat this type of crime, the Small Business Administration is asking people to contact them directly, either by...
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