Point of Sale Newsletter - Q2 2020

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Regulators are continuing to pursue enforcement action against misrepresentations that are connected to the COVID-19 pandemic. The FTC has received 71,841 fraud reports from January 1 to July 21, where total fraud loss was valued at $90.47 million and the median fraud loss at $263 million. The frauds most reported to the FTC pertain to online shopping and travel/vacation, as shown by the following graph...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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