FTC Hits Back with New Rule as Impersonation Scams Top $1.1B in Losses

April 2, 2024
FTC Hits Back with New Rule as Impersonation Scams Top $1.1B in Losses
  • Impersonation scams in the U.S. have caused over $1.1 billion in losses in 2023, with nearly half a million cases reported.

  • The FTC has introduced a new rule banning the impersonation of government and businesses in interstate commerce to combat such scams.

  • The new rule empowers the FTC to pursue scammers in federal court.

  • The FTC is considering expanding the rule to include the impersonation of individuals, with a focus on combating emerging threats like video deepfakes and AI voice cloning.

  • Recent examples of sophisticated impersonation scams include the unauthorized takeover of Linus Media Group's YouTube channels and a fake Amazon business account scam resulting in a $50,000 loss.

Summary based on 3 sources


Get a daily email with more Tech stories

Related Stories