arrow-left-endarrow-right-end

News & Updates

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

Filter By:

Moneymaking “Secrets” Are Often Money-stealing Scams

With the coronavirus impacting many people’s jobs around the world, the need for additional income — especially while staying at home — is greater than ever. If there were an easy way to make quick money, all the while sitting in front of your computer for only a few short hours a day, who wouldn’t…

Continue Reading ›

Coronavirus Fraud Nears $150 Million in Losses in US

The Federal Trade Commission (FTC) has received more than 200,000 complaints so far this year about fraud related to the COVID-19 pandemic, with losses in the US totaling more than $146 million as of September 24, 2020.  According to the Commission’s Consumer Sentinel Network, which has been tracking complaints since January 1, 2020, the median…

Continue Reading ›

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…

Continue Reading ›

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…

Continue Reading ›

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…

Continue Reading ›

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.

Continue Reading ›

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…

Continue Reading ›