The median loss to fraudulent schemes that exploit the global health crisis is almost US$600. The United States’ Federal Trade Commission (FTC) has received more than 17,000 complaints from U.S. consumers who reported total losses in excess of US$13 million from COVID-19 related scams. The FTC has compiled the data into an easily digestible infographic, which … More Americans report US$13 million in losses from coronavirus scams
And that’s on top of the heartache experienced by the tens of thousands of people who fall for romance scams each year. Last week, as couples all over the world celebrated Valentine’s Day, we highlighted the risks of romance fraud. Even with V-Day safely behind us, it’s important to remain on high alert for online dating … More How costly are sweetheart swindles?
The message starts off with the kind of information that is apt to send shivers down the spines of many binge-watchers. The United States’ Federal Trade Commission (FTC) issued a warning late last year about an email-borne scam campaign in which fraudsters impersonate the streaming giant Netflix and phish for people’s personal information. This variation of a … More This Netflix-themed scam prompts FTC to issue warning