Did the FTC Call You and Ask for Money? It's a Scam

Anton Petrus/Getty Images A government agency reaching out can be stressful in the best of times, let alone if they're demanding money under the threat of jail time. A situation like that might cause people to make a rash decision. And many victims have by 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 lo ... Read full article.