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A scam letter is a document, distributed electronically or otherwise, ... in short, are a notification from an online 'financial institution', requiring its clients ...
The Consumer Financial Protection Bureau (CFPB) experienced a significant security breach when a former employee transferred confidential information on approximately 256,000 consumers and forty-five financial institutions to their personal email account. [3] [4] The unauthorized transfer involved data from seven firms, though the majority of ...
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
Mail and wire fraud. Mail fraud and wire fraud are terms used in the United States to describe the use of a physical (e.g., the U.S. Postal Service) or electronic (e.g., a phone, a telegram, a fax, or the Internet) mail system to defraud another, and are U.S. federal crimes. Jurisdiction is claimed by the federal government if the illegal ...
Recently, online scams have shot up. Federal Trade Commission data released in February showed that consumers lost roughly $8.8 billion due to fraud in 2022. That’s a 19% increase over the ...
Financial scams are responsible for huge monetary losses by American consumers each year, and they've been on the uptick recently. Federal Trade Commission data from 2021 shows the agency received ...
A study found that New Jersey saw the second highest per capita financial loss to BEC scams in 2023. Everything you need to know about BEC scams. ... you should contact your financial institution ...
In 2021, more than 2.8 million consumers reported that they were victims of scams, with total losses for the year adding up to $5.8 billion, according to the Federal Trade Commission. The FTC also...