Fraud in the peer-to-peer (P2P) money transfer space is an all-too-common occurrence and is growing by leaps and bounds. One of the biggest players in the P2P space is Venmo, which is owned by PayPal. Last quarter, the company reported $17 billion in transactions on Venmo, an increase of 78 percent over the same period last year.
Rosé – the pink wine that incorporates the skin of red grapes and the flavors of all other varieties – has exploded in popularity over the last five years. Rosé consumption is particularly skewed among millennials and during the summer months, aided by gender-inclusive hashtags, the development of new, millennial-targeted brands, and the particularly “Insta” quality of a pink wine. Consumption of rosé has now eclipsed white wine in France, and in the United States, data indicates Washington, DC is the “capital of rosé,” – illustrating its ubiquity across political and social cultures.
By NCL Food Policy and LifeSmarts Caleigh Bartash
With technology improving rapidly over the past few decades, online retailers have proved more convenient, reducing the market share of brick-and-mortar retailers. However, the convenience of purchasing prescription medication online or over the phone can inadvertently trap consumers in internet scams.
With heartbreaking images of the recent devastation in Houston, many consumers in the United States and around the world are reaching for their wallets to help. The inclination to send donations is generous and kind, but advocates know that con artists have long exploited natural disasters, and consumers must be careful in order to avoid sending money to scammers who pose as charities.
Earlier this November, NCL held a meeting with our Alliance Against Fraud coalition. We had presenters from the Federal Trade Commission (FCC) representing the government and AARP representing advocacy interests. If Frank Abagnale Jr. of Catch Me If You Can, and AARP's newest spokesperson, taught us anything, it’s that scammers know their targets and their sights are almost always set on the most vulnerable consumers. Scammers also work together by distributing “sucker lists” amongst themselves that keep victims at the mercy of scammers.
This week, the National Consumers League (NCL) joined forces with the Alliance for Safe Online Pharmacies (ASOP Global), and the Center for Safe Internet Pharmacies (CSIP) in launching a campaign to educate seniors and their caregivers about the health and financial risks associated with buying prescription medicines from illegal or rogue online pharmacies.
Ever heard of a tech support scam? Well, a very smart, savvy member of my family fell victim to one this week.
NCL recently debuted the first issue of The #DataInsecurity Digest, a twice monthly publication curated by NCL's own, John Breyault, to deliver important consumer-focused data security news, policy and news analysis, and information about upcoming events directly to your inbox. Click here to subscribe.
In 2013, there were 614 data breaches that led to more than 550 million identities compromised. New data breaches means more identity theft and other fraud, and more consumers facing financial loss, great inconvenience, and a loss of trust in the marketplace. That is why NCL is working on the #DataInsecurity Project -- to raise awareness about the need for reforms aimed at better protecting consumer data.
Another day, another data breach. The data breach roulette wheel this times landed on health insurer CareFirst. Who loses? The 1.1 million consumers whose names, birth dates, email addresses and CareFirst subscriber ID numbers are now in the hands of cyber crooks.
Federal Trade Commission Chairwoman Edith Ramirez this morning announced the next step in the FTC’s efforts to craft data security guidelines for businesses. As part of its “Start with Security” program, originally unveiled in March, the Commission will hold an initiative at the University of California on September 9. This follows on the heels of the February 13 Summit on Cybersecurity and Consumer Protection at Stanford University.