In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone country in the world. The economic cost of credit card fraud goes far beyond the cost of illegally purchased merchandise; businesses often spend millions to protect themselves from fraud, buying software and hiring security experts to monitor transactions. Experts say there aren’t enough regulations to help protect the U.S. economy, especially small businesses from card fraud.
The Wall Street Journal analyzed hours of video and audio from the Capitol riot to better understand how a mob of thousands overran police and attacked the U.S. Capitol. Photo illustration: Laura Kammermann
As online shopping sees its biggest holiday season ever, hackers are sending fake delivery notices impersonating Amazon, UPS and FedEx, with scams up 72% from last year and 440% from October to November. Clicking a fake shipping notification link can launch ransomware or launch a counterfeit branded site to trick users into entering credit card and personal information to “reroute” a package that never existed.
Nearly 100 years ago, Charles Ponzi stumbled across a loophole in the international postal system and turned it into one of the most infamous scams of all time. This time on Sidedoor, we follow Ponzi from his early days until his epic downfall, and hear from a postal investigator trained to catch swindlers like Ponzi who continue to use the U.S. mail for nefarious purposes.
From an FTC online release:
The Social Security Administration (SSA) scam is the number one scam reported to the FTC right now.
As soon as a caller threatens you, or demands you pay them with a gift card or by wiring money. It’s a scam. Even if the caller ID tells you otherwise.
If you get a call from someone claiming to be from the Social Security Administration, hang up the phone and remember:
- Your Social Security number is not about to be suspended.
- The real Social Security Administration will never call to threaten your benefits.
- The real SSA will never tell you to wire money, send cash, or put money on a gift card.
On 5 October 2017, Twohey and Kantor, already respected investigative journalists, published a story in the New York Times that lit the world ablaze. The article, which detailed decades of sexual harassment and abuse perpetrated by Harvey Weinstein, launched the #MeToo movement into the mainstream and began an ongoing dialogue about the relationship between power and sexual exploitation. The article was the product of months of investigation by Twohey and Kantor, and was awarded the Pulitzer Prize for Public Service in 2018.