Tag: Consumer Protection

FTC Warns Congress About Use of AI to Combat ‘Online Harms’

The Federal Trade Commission issued a report to Congress warning about using artificial intelligence (AI) to combat online problems and urging policymakers to exercise “great caution” about relying on it as a policy solution. The FTC said the use of AI, particularly by big tech platforms and other companies, comes with limitations and problems of its own. […]

FTC: Consumers Lost Over $5.8B to Fraud Last Year, Marking 70% Jump

Newly released Federal Trade Commission data shows that American consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70% over the previous year. The FTC received fraud reports from more than 2.8 million consumers last year, with the most commonly reported category once again being imposter scams, followed by online […]