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News & Updates

The Latest on Internet Pharmacies, Supplements, Designer Drugs,
and Other High-Risk Merchants

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Romance Scams: A Dangerous Undertow Sweeping Across the Sea of Love

In this digital age, an ever-increasing number of people are seeking love and companionship by venturing into online dating websites, mobile apps, online classified listings, and social media platforms. Unfortunately, the cyber world is also fraught with opportunistic criminals who are looking to prey on the heartstrings of hopeful victims.  The Federal Trade Commission recently…

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Bogus Cures and Unapproved Treatments for COVID-19 Flood the Internet

With the COVID-19 pandemic sweeping across the globe, the payments and e-commerce landscapes are especially vulnerable right now to scammers preying on consumers with fake cures, unapproved treatments, and other unconventional products and services to treat the new coronavirus. These scams are not only detrimental to public health but also pose serious risks of chargebacks…

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Price Gouging from Coronavirus Opportunists Poses Credit and Regulatory Risk

As the pandemic caused by the novel coronavirus spreads, opportunistic scammers have begun taking advantage of panicked consumers through price gouging on basic healthcare products, such as hand sanitizer, face masks, and toilet paper. Many online merchants are now offering these products at drastic markups, ranging from three small bottles of hand sanitizer for $60…

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Watch Out for Fraud Through Unauthorized Aggregation

This week, a New Jersey couple and a homeless veteran were arrested and charged with conspiracy and theft by deception for an alleged fraud scheme on the online crowdfunding platform GoFundMe. According to NPR, the three raised $400,000 from more than 14,000 donors based on an allegedly fabricated story of a Good Samaritan. It’s the latest high-profile scam to draw attention to online aggregators and the risks they pose for payment facilitators.

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Online pharmacy scams: An aging population may be more susceptible

New research suggests that after age 60, the part of our brain that allows us to detect fraud and deceptive advertising begins to deteriorate. Damage to the prefrontal cortex removes the second in a two-step process of “seeing and believing” and then letting doubt sink in. A study released this summer and reported by The Oregonian…

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[CYBERCRIME & COVID-19 SPECIAL REPORT]
[CYBERCRIME & COVID-19 SPECIAL REPORT]
[SPECIAL REPORT]
[SPECIAL REPORT]