ftc

Fraudsters Impersonate a US Federal Agency by Sending Emails Asking for Bitcoin Wallet Keys

<div class=”featured_image_container”> </div> <strong>U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of the Currency (OCC) warned that such bogus messages ask people for their bitcoin wallet keys.</strong> Fictitious Message Contains Several Grammar Mistakes and …

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Elon Musk Impersonators Rake in $2 Million: Regulator Warns of Fake Giveaway Cryptocurrency Scams

<div class=”featured_image_container”> </div> <strong>The U.S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months.</strong> Elon Musk Impersonators and Other Cryptocurrency Scams The FTC published “Consumer Protection Data Spotlight” Monday. FTC analyst Emma …

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Elon Musk impersonators make bank as crypto scammers’ profits surge

The United States Federal Trade Commission has found that crypto scammers’ profits spiked in the last two months, noting a surge in fraudulent impersonators posing as prominent figures associated with digital assets, such as Elon Musk.  The findings report that cryptocurrency investment scams rose sharply in October 2020 as the impacts of coronavirus pandemic and …

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Republicans and Democrats increasingly agree: Big Tech is too powerful

Enlarge / Sen. Roger Wicker (R-MS) and Sen. Ted Cruz (R-TX) are shown at a 2019 hearing. Both senators harshly criticized big technology companies at the 2021 confirmation hearing for Lina Khan to serve on the Federal Trade Commission. Drew Angerer/Getty Images When President Joe Biden chose Lina Khan for one of the Federal Trade …

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FTC issues first fines using a law against ticket scalping bots

Cindy Ord/Getty Images Most live events simply aren’t an option due to the pandemic, but that isn’t stopping the FTC from cracking down on ticket scalper bots. The regulator has taken its first legal action using the Better Online Ticket Sales (BOTS) Act meant to punish these scalping practices. The owners of Concert Specials, Just …

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FTC kicks off sweeping privacy probe of nine major social media firms

Enlarge Aurich Lawson / Ars Technica The Federal Trade Commission is stepping up its digital privacy work and has asked just about every major social media platform you can think of to explain what personal data it collects from users and why. The requests for information went out today to nine platforms (or their parent …

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How do you do, fellow gamers?—Burger King exploits Twitch for cheap ads

Enlarge / Ogilvy boasted about its ad campaign with the following claim. We have edited it slightly. Ogilvy / Ars Technica Earlier this week, an advertising agency emerged with a video bragging about an ad-campaign concept: We’ll invade gaming-filled Twitch chat rooms and post ads for your brand for cheap. The attached video was exactly …

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Twitter expects a fine of up to $250 million over privacy violations

bombuscreative via Getty Images The FTC has been investigating Twitter over the use of personal data for ad targeting since October last year, the social network itself revealed in a filing with the Securities and Exchange Commission. According to the document, the Commission is looking into Twitter’s “use of phone number and/or email address data …

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FTC investigation of Facebook may not finish before 2021

REUTERS/Erin Scott TPX IMAGES OF THE DAY Don’t expect the FTC to wrap up an antitrust investigation of Facebook before 2020 is over. New York Times sources say it’s now “virtually impossible” for the FTC to finish an investigation of Facebook before 2021. There’s still progress, according to the tipsters, but much of what’s happening …

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