Criminals are Posing as the FTC to Try to Steal Your Money and Information

If a government agency calls and tells you to pay a time or you'll face jail time, it can be frightening. You might even make a reckless decision out of fear, just to make the problem disappear. Many victims have done the same, turning over their financial information to fraudsters hoping to prey on their distress. The Federal Trade Commission is warning people about imposter scams, in which a fraudster pretends to be from a government agency like the FTC to steal your bank account information and possibly your identity. "We take it seriously when scammers claim that the Chairman of the FTC is on the line to help you get out of a bind or that you're being charged with serious crimes," the agency wrote in a recent blog post. "No one at the FTC will call, email, or text you to say any of those things." Imposter scams aren't new, but advances in AI are helping them become much more prevalent and convincing. For example, scammers use AI to disguise their location, voices and faces. The ... Read full article.