- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2025-03-10T20:56:00
The public reported a 25 percent increase in losses–totaling more than $12.5 billion in 2024–to investment scams, tech rip-offs, and general fraud, according to an analysis by the Federal Trade Commission (FTC).
Each year fraud is reported to the FTC by individuals, businesses, local law enforcement, and organizations via the agency’s website or by phone. The agency investigates credible reports of large-scale fraud, and takes legal action to halt it, return lost money to consumers, and penalize egregious wrongdoers. The agency tracks fraud data and notes year-over-year trends.
The number of overall fraud reports the FTC received didn’t increase much from 2023 to 2024, keeping steady at about 2.6 million.
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2025-03-03T15:51:00Z By Aaron Nicodemus
Artificial intelligence tools are being adopted at a rapid clip in many organizations, in some cases without proper guardrails and without taking ethical considerations into account. The first question many organizations ask when it comes to using AI is, “Can we do it?” Rather they should ask, “Should we do ...
2025-02-21T18:43:00Z By Aaron Nicodemus
Twenty-three attorneys general from across the country are warning that President Donald Trump’s efforts to defund and disband the Consumer Financial Protection Bureau would “significantly harm consumers” and “reduce oversight of big banks.”
2024-04-29T18:50:00Z By Jeff Dale
Kitchen and home retail company Williams-Sonoma agreed to pay nearly $3.2 million for failing to comply with a 2020 administrative order by the Federal Trade Commission prohibiting its marketing of imported goods as made in the United States.
2025-01-08T17:13:00Z By Jeff Dale
Portuguese bank Novo Banco, S.A., fired Chief Risk Officer Carlos Jorge Ferreira Brandão “with just cause” after an internal probe discovered “suspicious financial transactions” in his sphere.
2024-12-30T14:57:00Z By Aaron Nicodemus
A prominent risk management firm has issued its predictions for the top five risks for business in 2025, along with guidance for how organizations should prepare and respond.
2024-12-13T16:47:00Z By Aaron Nicodemus
When the DOJ released its revised Evaluation of Corporate Compliance Programs, it turned some heads. Tucked into a section on risk assessments was a strongly worded series of questions that appeared to shoulder compliance teams with the responsibility for ensuring the safe use of AI tools by their firms.
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