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Putting Scams Out of Business
The Federal Reserve FedPayments Improvement
Scams targeting consumers and businesses have become increasingly prevalent in recent years. There’s also been a groundswell of attention to the problem. However, the clear consensus among government entities, financial institutions, technology providers and other organizations is that we can do much more to address scams.
Approaches to putting scams out of business can fit into three categories: education, technology and information sharing.