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If your rewards account is hacked, carefully review the damage and report it to your card issuer. Take precautions against fraud by changing your password and opting for two-factor authentication ...
In many cases, you can recover stolen rewards. Here’s how.
Consumers filed 58% more complaints in 2020 after the COVID-19 pandemic gripped the United States, many of them related to financial fraud, inaccurate information on credit reports and a lack of ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
Consumer Reports (CR), formerly Consumers Union (CU), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy.
In contrast to other types of skimming such as ATM skimming or hacking an online merchant web page, RFID skimming requires little or no technical expertise. In order to execute ATM skimming, the criminal needs to custom build a device, then place that device inside an ATM and later pick up the device after the victims have used it.
Undoubtedly, payment processor scams and merchant account fraud harm small businesses and consumers. Yet, electronic payments fuel the e-commerce ecosystem, and cash isn’t a popular payment method.
In fact, new credit card account fraud was so prevalent in 2023 that it made up 42 percent of all identity theft complaints that year, according to data from the Insurance Information Institute (III).