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FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks

PYMNTS

More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020, the Federal Trade Commission (FTC) said. .

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US fraud losses top $10bn in 2023

Finextra

Americans lost more than $10 billion to fraud in 2023, with investment scams accounting for nearly half of the losses, Federal Trade Commission data shows.

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FTC Reports $145M In COVID-Related Scams Since January

PYMNTS

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 on Tuesday (Sept. The top fraud categories were online shopping, where nearly $44 million was lost, and travel and vacation scams, which totaled $24 million.

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Americans lost $3bn to impersonation scams in 2024

Finextra

Scams impersonating businesses and government officials cost Americans $2.95 billion last year, according to the Federal Trade Commission.

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FTC Warns Of COVID Scams, Cracks Down On Fake Job Schemes

PYMNTS

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.

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First Data will pay $40 million in FTC deal over consumer scams

Payments Source

First Data Merchant Services LLC and a former executive agreed to pay more than $40 million to settle a claim by the Federal Trade Commission that the company processed payments and laundered credit card transactions for scams targeting hundreds of thousands of consumers.

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COVID-19 Scams Target The Business Community

PYMNTS

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 19 million in shipping scams hit Amazon , according to U.S. 250,000 in loan offerings are appearing in a new COVID-19 scam targeting small businesses , the U.S.

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