Federal Trade Commission
US govt says Americans lost record $12.5 billion to fraud in 2024
The U.S. Federal Trade Commission (FTC) said today that Americans lost a record $12.5 billion to fraud last year, a 25% increase over the previous year. Consumers reported that investment scams resulted in the highest losses, totaling around $5.7 billion with a median loss of over $9,000 and exceeding all other fraud categories. The second […]
FTC orders Marriott and Starwood to implement strict data security
The Federal Trade Commission (FTC) has ordered Marriott International and Starwood Hotels to define and implement a robust customer data security scheme following failures that led to massive data breaches. After acquiring Starwood in 2016 and failing to implement “reasonable data security,” Marriott International suffered three major data breaches impacting 344 million customers globally. Order for stronger […]