The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

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

FTC data on age and fraud loss reveals how fraud affects every generation differently ... Avoid payment methods like wire ...

The small fees that Visa and other debit card processors charge fund essential ... as they are less equipped to absorb fraud-related losses compared to larger corporations. This DOJ lawsuit ...

The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units ...

More people are losing money to fraud. The Federal Trade Commission ... asking for payment using wire transfers, gift cards, or prepaid debit cards. That's an immediate red flag of *** scam ...

The FTC reports a record $12.5 billion lost to scams in 2024, with investment fraud, job scams ... methods like wire transfers, gift cards, or prepaid debit cards, as they are often ...