Financial institutions in states along the Gulf of Mexico are taking action to prepare for the long-term financial impact of the BP oil spill - including fraud attempts against customers.
One midwestern community bank has developed a unique program that not only helps stop the scams before they cause damage, but also rewards the bank employees who first report them.
The FTC says that consumers were hit with one-time charges of $10 or less, and then their payments were routed through fake corporations to Eastern European and Central Asia bank accounts.
Already in the first six months of 2010, financial institutions have been involved with more than half the total data breaches they suffered in 2009 - and experts don't see the pace decreasing.
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