Remove Employment Scam Remove Identity Theft Remove Scams
article thumbnail

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

PYMNTS

The release stated these types of scams, which "have no basis in reality," have intensified and grown in scope since the pandemic, which has resulted in millions of people losing their jobs due to pandemic restrictions. Scams investigated in this particular sweep have netted over $1 billion from victims, the release stated.

FTC 76
article thumbnail

8 in 10 Financial Firms Investing in Security to Protect Them From Emerging AI Fraud Threats

The Fintech Times

When asked what kinds of fraud they were the victims of, the most common responses were: Credit card fraud (59 per cent) Identity theft and phishing (21 per cent) Employment scams (12 per cent) Investment fraud (10 per cent) “Millennials have embraced digital payments and mobile banking, which dominate how we access banking services today.

AI 59