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USPS Redesigns Money Orders: How New Security Elements Will Fight Fraud USPS Redesigns Money Orders: How New Security Elements Will Fight Fraud
USPS Redesigns Money Orders: How New Security Elements Will Fight Fraud The U.S. Postal Service is redesigning its money orders to include advanced security elements for combatting counterfeits and fraud, officials said. The USPS will debut the new money orders in February, the agency said in a news release on Wednesday, Jan. 22. The redesigned orders will be red, white, and blue with an updated bank routing number. To enhance protection, the redesign incorporates watermarks, a security thread, and a QR code directing users to the USPS website. Additional security features remain undisclosed to further deter fraudulent activities. The current "legacy" des…

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by Chris Spiker
News
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Federal authorities are sounding the alarm over scams that impersonate well-known businesses and government agencies.  In 2023, data from the Federal Trade Commission (FTC) alone show more than 330,000 reports of business impersonation scams and nearly 160,000 reports of government impersonation scams. That amounts to nearly half the frauds reported directly to the agency, the FTC said. Combined, reported losses to these impersonation scams topped $1.1 billion for the year, more than three times what consumers reported in 2020. Reports show an increasingly blurred line between busine…

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by Joe Lombardi