PYMNTS

DECEMBER 14, 2020

The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs or income, according to a press release. The FTC is working with 19 other federal, state and local law enforcement partners in the effort.

FTC 76

FTC Scams Federal Trade Commission Law Enforcement 76

PYMNTS

DECEMBER 17, 2020

The “stimulus” scams are already out there, reports NBC News. This scam is a new twist on those we’ve been seeing much of this year.”. Stimulus scams have been running all year , as have COVID-connected attempts to heist consumers’ funds. million in coronavirus-related fraud this year and 38,792 cases of identity theft.

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Scams IRS Federal Trade Commission FTC 84

PYMNTS

MARCH 2, 2018

But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Identity theft complaints followed close behind, making up nearly 14 percent of all complaints.

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Scams Identity Theft FTC Federal Trade Commission 55

PYMNTS

MARCH 7, 2018

The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month. The new cards are being issued to protect consumers from identity theft. But as the new Medicare cards start being mailed, there might be an uptick in related scams.

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FTC Scams Identity Theft Federal Trade Commission 49

FICO

NOVEMBER 22, 2021

This busy and complex environment provides the perfect conditions for consumers to fall for scam deals or buy products that aren’t quite what they expected. For instance, online shopping scams in the U.K. It's the giving season — during a pandemic — which multiplies the opportunities for fraudsters to try to scam you.

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Scams Online and Mobile Banking Identity Theft Credit Cards 98

PYMNTS

MAY 21, 2020

The new Preventing Financial Crimes Playbook explores the latest financial crime developments, including a rise in financial fraud related to the ongoing COVID-19 pandemic, new threats targeting digital payment apps and guidance from PNC Financial Services on how multilayered defense systems can help curb the tide of digital scams.

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Financial Crimes Crime Identity Theft Federal Trade Commission 52

PYMNTS

JULY 20, 2020

In related news, the Federal Trade Commission (FTC) reported that its top complaint has been fraud, according to a PYMNTS report. There were over 47,000 fraud complaints from March through June, alongside over 14,000 identity theft complaints and nearly 4,000 Do Not Call complaints.

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CFPB Consumer Financial Protection Bureau (CFPB) Consumer Identity Theft 64