As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up ...
Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark. This marks a 14% increase over reported losses in 2022.
A record $12.5 billion in online scams were reported to the FBI last ...
Mar 6, 2024 · A record $12.5 billion in losses from online scams were reported to the FBI in 2023, fueled by a surge in cryptocurrency investment fraud, the bureau said in a report released Wednesday.
Justice Department charges nearly 200 people in $2.7 billion …
Jun 27, 2024 · The Justice Department announced a sweeping series of charges Thursday against nearly 200 people accused of participating in health care fraud schemes with false claims topping $2.7 billion.
CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for …
Dec 20, 2024 · As a result, bad actors could carry out repeated fraud schemes across multiple institutions before being detected, if they were detected at all. Ignoring red flags that could prevent fraud: Despite receiving hundreds of thousands of fraud complaints, the defendant banks have failed to use this information to prevent further fraud. They also ...
AI helped Uncle Sam catch $1 billion of fraud in one year. And it’s ...
Oct 17, 2024 · Machine learning AI helped the US Treasury Department to sift through massive amounts of data and recover $1 billion worth of check fraud in fiscal 2024 alone, according to new estimates shared...
Fraud news & latest pictures from Newsweek.com
Dec 27, 2024 · All the latest breaking news on Fraud. Browse Newsweek archives of photos, videos and articles on Fraud.
Americans reported $2.7 billion in losses from scams on ... - CBS News
Oct 6, 2023 · Americans lose money to fraud on social media platforms more than any other method of communication, including websites, phone calls, e-mails, online advertising or mail, the FTC said.
FinCEN Issues Alert on Fraud Schemes Involving Deepfake Media …
Nov 13, 2024 · FinCEN has observed an increase in suspicious activity reporting by financial institutions describing the suspected use of deepfake media, particularly the use of fraudulent identity documents to circumvent identity verification and authentication methods.
Self-exiled Chinese businessman's chief of ... - Associated Press News
3 days ago · At her plea, Wang admitted to conspiring with Guo and others to commit wire fraud and money laundering by giving false information to induct victims to send money through entities and organizations including Guo’s media company, GTV Media Group Inc., and his so-called Himalaya Farm Alliance and the Himalaya Exchange, in return for stock or ...
CFPB sues America's largest banks for 'allowing fraud to ... - NBC News
Dec 20, 2024 · The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own.