Tags: Scams

FTC Reports $12.5 Billion Lost to Scams in 2022: How Social Media, AI, and Crypto Exacerbated the Crisis

supportMar 11, 2025

Car extended warranty scams are surging, with the U.S. Federal Trade Commission (FTC) reporting 2.6 million victims in 2024, resulting in $12.5 billion in losses—up…

RegTech (Regulatory Technology)

Combatting the Surge of Impersonation Scams: Essential Strategies for Financial Firms to Safeguard Against Fraud

supportFeb 13, 2025

WhatsApp scams targeting financial services are on the rise, prompting firms to enhance security measures. Fraudsters are impersonating executives and employees, leading to significant financial…

RegTech (Regulatory Technology)

Revolut Introduces In-App Calling Feature to Fight Impersonation Scams

supportJan 17, 2025

Revolut has launched a new in-app calling feature aimed at combating impersonation scams, allowing users to verify calls from the customer support team securely. This…