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Hacker Tracker: Call Center Scams, Password Reuse Dangers

PYMNTS

A call center worker told Betsy Broder, who tracks international fraud at the FTC, that if a person seemed scared or fell for the scam, then they would direct them to purchase thousands of dollars in iTunes cards to prevent being thrown in jail. The victim would send the iTunes card codes to the scammers, which gave them access to the money.

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Deploying A Multilayered Fraud Prevention System During The COVID-19 Pandemic

PYMNTS

The Federal Trade Commission (FTC) has received 18,235 reports of virus-centric scams since the beginning of the year, and these incidents have resulted in more than $13.4 million in losses. These numbers are expected to rise as the pandemic spreads because fraudsters see any disruptions to normal operations as opportunities.

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Fighting Scams and Authorized Push Payment Fraud in the US

FICO

Data from the FTC shows that to date in 2022, consumers report losing $703 million from bank transfers and payments, $90.6 Enable multifactor authentication (MFA), avoiding text or email for one-time passcode sharing whenever possible. All Parties Agree that Scams are Bad, But Not on Who Is Liable.

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