The Financial Conduct Authority reckons they've missed chances to help victims "break the spell" of these devastating scams.

(NewsNation) — Americans have lost around $2.7 billion from scams originating on social media, a new report from the Federal Trade Commission shows. That’s more than any other contact method — phone ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Disputed transactions, driven by the increasing volume of ...

The UK’s leading security agency removed nearly three million scams from the internet last year as it expanded its capabilities, it was revealed today. The National Cyber Security Centre (NCSC) shared ...

Banks will have to reimburse customers tricked into sending money in a type of online scam that has become Britain's largest type of payment fraud, the Payment Systems Regulator proposed on Thursday.

The debate continues over what to do with the seized $7 billion worth of Bitcoin: Should the UK keep it or give it back to ...

The UK government launched a three-pronged strategy for combating and eliminating financial scams in the UK in May 2023, under the direction of UK Home Secretary. There are three pillars: 1. Pursue ...

Scammers who tricked victims into handing them control of their PCs managed to steal nearly £58m last year, according to official UK police figures. Some 20,144 individuals fell victim to such “remote ...

Americans are being cheated out of billions of dollars by social media scammers, new data shows. According to the Federal Trade Commission (FTC), victims have lost $2.7 billion to fraudsters on social ...

For seven years, the FBI's Internet Crime Complaint Center (IC3) has tallied the reports the US law enforcement agency receives about all different types of digital crime, and it has consistently ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NewsNation) — Americans have lost around $2 ...