Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the ...

All in all, Hayduk lost $70,000 via wire transfers to two different scams. Experts say this transaction method is ...

The FTC reports a record $12.5 billion lost to scams in 2024, with investment fraud, job scams, and debt relief fraud topping ...

Here's how businesses can graduate from education and awareness to meaningful action that protects their money—and empowers ...

As anticipated, 2025 is already shaping up to be a busy year in consumer financial services, with a federal district court expanding the ...

The Florida Department of Law Enforcement announces the arrest of Rasha Lashonda Hill, 32, of Pace. Hill is charged with ...

The banking industry wants a federal appeals court review in New York’s case against Citibank, arguing that a judge has ...

Wire transfer fraud is one of the most lucrative and damaging forms of financial crimes affecting businesses worldwide. Scammers employ various deceptive techniques to manipulate company employees ...

Unlike credit card fraud, banks and investment firms don’t bear any responsibility to reimburse customers for wire transfers or bank-to-bank transfer fraud. Even when the consumer is coerced ...

Investment fraud costing *** median of $9,196 business ... more information and be wary of anyone asking for payment using wire transfers, gift cards, or prepaid debit cards.