Data shows a more than four-fold increase, from 2020 through 2024, in reports from older adults who say they lost $10,000 or ...

By David Lawder LE SUEUR, Minnesota, Jan 9 (Reuters) - The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has notified four money transfer firms they are under investigation ...

Authorized push payment fraud has become the fastest-growing financial crime, and banks often won't give you your money back ...

Wire fraud losses often aren’t protected by the FDIC or the Electronic Funds Transfer Act. Here’s what banks cover, what they ...

IRVINE, Calif. (KABC) -- It's a situation no one wants to find themselves in, but sometimes scammers get their way, and your money. Ester Jung, a college student in Orange County, said she lost $2,905 ...

Money transfer apps can be magnets for scams and fraud, but there are ways to use them safely.

The Federal Trade Commission is suing Walmart for sitting by while scammers bilked customers out of more than $197 million, the agency alleged in a statement on Tuesday. It's seeking a court order ...

In cases where you did send the money back to the fraudster, know that you’re not alone! Many people become victims in these situations, simply because they don’t know it’s a scam until the money is ...

One unmistakable insight is that remote (online) transactions are the epicenter of payment fraud. The report shows that across cards, credit transfers, and e-money, the vast majority of fraudulent ...

While scam artists target anyone and everyone they can if they believe there's a potential for a payoff, they sadly most often focus heavily on senior citizens. Why? That's because many retirees have ...