FTC Introduces Rule to Combat Impersonation Scams, Seeks Restitution for Victims

The new regulation empowers the FTC to pursue scammers in federal court, addressing the $1.1 billion lost to impersonation fraud in 2023.

The FTC has enacted a new rule to combat impersonation scams, empowering it to file federal court complaints to recover stolen funds and impose civil penalties.
Impersonation scams, including those targeting businesses and government agencies, cost victims approximately $1.1 billion in 2023.
The new rule also targets the use of advanced technologies like video deepfakes and AI voice cloning for impersonation.
Public comments are being solicited until April 30, 2024, on further amendments to the rule that would broaden its scope to individual impersonations.
The FTC is exploring additional measures to combat firms that facilitate impersonation scams through services or technologies.