11/24/2022

FTC Proposes Trade Regulation Rule on Impersonation Scams

Action must be taken to protect industries

The Federal Trade Commission (FTC) issued a notice of proposed rulemaking and request for public comment on government and business impersonation fraud that has impacted a broad range of industries, trade shows and events and has grown worse during the pandemic.

The FTC blog titled, Pulling the mask off impersonation scams: How they impact your business, states, “Impersonators have come up with B2B-specific forms of fraud that target members of certain industries, often cutting and pasting names and logos to bolster the illusion of legitimacy. It’s all bogus, but by the time the businesses find out, the scammers have vanished with their money.”

The FTC is looking for public feedback on the proposed rule on Impersonation of Government and Business. Comments on the rule are due on Dec. 16, 2022, and the American Society of Association Executives (ASAE) will be among the associations responding. Please select this link to view instructions on how to submit and associations feedback on the advance notice of proposed rulemaking.

This article was provided to OSAP by ASAE's Power of Associations and Inroads.