Scams are ubiquitous throughout the nation and are getting more convincing day by day. Could this be a product of AI and deepfake technology? Most probably. However, the FTC has a mission do something about them. 

In a media briefing on February 9th, hosted by the Federal Trade Commission (FTC) and Ethnic Media Services, key experts shed light on the ongoing battle against scams and fraud in 2023. They shared valuable insights on the landscape of fraud, the power of communication in combating scams, and the importance of reporting fraudulent activities.

Speakers

  • Maria Mayo, Acting Associate Director for the Division of Consumer Response and Operations in the Bureau of Consumer Protection at the Federal Trade Commission
  • Lois Greisman, Associate Director, Federal Trade Commission Division of Marketing Practices, Washington DC 
  • Larissa Bungo, Senior Attorney, Division of Consumer & Business Education, Federal Trade Commission, Washington DC 

Maria Mayo provided a comprehensive overview of the data released in 2023. Mayo emphasized the significance of consumer reporting in the fight against fraud, highlighting how such information is crucial for law enforcement initiatives and raising awareness among the public. By encouraging consumers to report scams, the FTC can take necessary actions to combat fraudulent activities effectively.

Lois Greisman emphasized the role of communication in empowering individuals to protect themselves from scams. Greisman highlighted the power of knowledge in combating fraud, stating that industry players take pride in preventing individuals from falling victim to scams. She stressed the importance of a two-way street approach, where individuals must be informed and vigilant, receiving crucial information from reliable sources like the FTC.

Furthermore, Larissa Bungo discussed the availability of consumer education materials and the process of reporting fraud. Bungo underscored the importance of education and awareness in the fight against fraud, emphasizing that the FTC can only address the cases that are reported. By providing resources for consumer education and facilitating the reporting of fraudulent activities, the FTC aims to empower individuals to protect themselves and others from falling victim to scams.

The experts at the FTC briefing highlighted the positive impact of communication and education in combating scams. They emphasized the need for individuals to stay informed, report fraudulent activities, and share information with others to create a network of protection against scams. By leveraging communication channels and educational resources, the FTC aims to equip individuals with the knowledge and tools needed to identify and report scams effectively.

As the battle against scams continues to evolve, the FTC remains committed to empowering consumers and raising awareness about fraudulent activities. Through initiatives like ethnic media outreach and language access for reporting scams in multiple languages, the FTC strives to reach diverse audiences and provide essential information to vulnerable communities. By collaborating with experts like Mayo, Greisman, and Bungo, the FTC reinforces its dedication to protecting consumers and combating fraud on a national scale.

In conclusion, the FTC media briefing offered valuable insights into the ongoing efforts to combat scams and fraud in 2023. The expertise shared by Maria Mayo, Lois Greisman, and Larissa Bungo underscored the importance of communication, education, and consumer reporting in the fight against fraudulent activities. 

We must work together to raise awareness, empower individuals, and provide essential resources, the FTC continues to be at the forefront of protecting consumers and promoting a safer marketplace for all.