FTC

Scammers Supercharge Senior Scam Tactics with AI, Impersonations, and Urgent Deceptions

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A Sharp Rise in Senior Scam Losses – Making victims of the vulnerable is nothing new. But apps, phone banking, online banking, AI, and deepfakes are supercharging scams against seniors. Criminals are exploiting digital tools to drain life savings, leaving older Americans devastated. The Federal Trade Commission (FTC) reports staggering increases in scams targeting seniors, … Read more

The FTC Amends Data Breach Reporting Rules

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To enhance data security and consumer protection, the Federal Trade Commission (FTC) has amended the Safeguards Rule. The agency has extended reporting requirements to non-banking financial institutions. This amendment is effective 180 days after its publication in the Federal Register. It mandates that financial institutions such as mortgage brokers, motor vehicle dealers, and payday lenders … Read more

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