June 19, 2021
Home Archive by category Scam/Fraud (Page 20)
Scam/Fraud

18 Online Shopping Traps and Scams To Watch Out For

vectorfusionart / Shutterstock.comOnline shopping can help you save money and access a wide variety of products, but there are downsides, too. Hackers and other online criminals are constantly trying to scam shoppers by offering fake deals and discounts. In fact, according to a recent Better Business Bureau Scam Tracker report, online purchase scam...
Scam/Fraud

Feds take down Medicare scams that preyed on virus fears

WASHINGTON (AP) — The Justice Department announced charges Wednesday against more than a dozen people from Florida to California in a series of Medicare scams that exploited coronavirus fears to bill tens of millions of dollars in bogus claims.A common hook involved a pandemic variant of identity theft: Fraudsters allegedly offered COVID-19 tests t...
Scam/Fraud

5 ways to identify personal loan scams

Learn ways to identify personal loan scams to prevent fraudulent companies from taking your hard-earned money. (iStock) In 2020, there were 99,667 reports of identity theft for business and personal loans, according to the Federal Trade Commission. This represents a 127% increase from the previous year. If you don’t see the warning sign of ...
Scam/Fraud

Latest FICO Fraud Model Helps Identify 50% More Scam Transactions

SAN JOSE, Calif., May 26, 2021 /PRNewswire/ -- Highlights FICO today announced the latest release of the FICO® Falcon® Fraud Manager model for Retail Banking. The FICO® Falcon® Fraud Manager model for Retail Banking leverages machine learning to enhance scam detection in tandem with Falcon Fraud Manager's existing third-party fraud detection sco...
Scam/Fraud

Football Index mailbag: How did they make money

Here at The Athletic, we have reported in great depth on the collapse of Football Index and what might happen next.Such is the interest, we wanted to hear from you on what you want to know about a company that was marketed as a “virtual stockmarket for footballers” with player “shares” traded for money online and users earning cash dividends ...