Technology

The FTC is attempting to assist victims of impersonation scams get their a refund – Insta News Hub

Illustration by Laura Normand / The Verge The Federal Commerce Fee (FTC) has a brand new technique to fight the impersonation scams that it says price folks $1.1 billion last year alone. Effective today, the company’s rule (PDF) “prohibits the impersonation of presidency, companies, and their officers or brokers in interstate commerce.” The rule additionally

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Cyber security

People misplaced $1.1 billion to impersonation scams in 2023 – Insta News Hub

Impersonation scams within the U.S. exceeded $1.1 billion in losses final yr, in keeping with statistics collected by the Federal Commerce Fee (FTC), a determine that’s thrice increased than in 2020. The company compiled this information based mostly on 490,000 reported scams in 2023. Of those, 330,000 have been for enterprise impersonation complaints and the

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