Articles
Raise Your Hand ? If You Did This For Your First Fraud Job
[originally published: Frank on Fraud] It was my first day at the new job. ?♂️ My manager pointed to a cubicle and said that’s where you’re going to sit. The desk had a phone and an old computer. ☎️ Tess – my co-worker and very first fraud trainer, dropped a stack of paper...
Email: The Weapon Against Identity Fraud
About 4.5% of U.S., or 15 million Americans, were victims of identity fraud in 2021 and 33% of Americans have experienced identity theft according to the Bureau of Labor Statistics. Chances are, you or one of your customers has become a victim of this epidemic. All too often, we see news stories...
Traditional Check Fraud Gets a Digital Makeover
What happens when trust is shaken in a fundamental societal institution, like the postal service system? An emerging method of committing financial fraud is stealing checks, and the circumstances surrounding these scams are often bizarre and highly public. Checks are appropriated from the familiar blue United States Postal Service (USPS) collection boxes...
Dawn Of The ShapeShifter – 10 Fraud Predictions for 2023
The world we live in is changing before our eyes. ? Things are never quite what they seem. Nothing can be taken at face value, and strangers making promises cannot be trusted. ? Sadly, everyone we know has been victimized by fraud or a scam and lost their hard-earned money. Fraudsters no...
Challenging Times: Career Reflections for Fraud Fighters
It’s obviously a tough economic time and employees in all industries are feeling the pain. The fraud and risk space is no different. Whether you were recently laid off or are on a roller coaster of career ups and downs, I wanted to share some thoughts. Reflecting on my own career roller...
Top Five Crypto Scams and How to Avoid Them
In the modern world, thieves highly value the cryptocurrency you own. When a cryptocurrency transaction is completed, one cannot undo it. It is also liquid and very portable. As a result, the digital world has been inundated by a surge of scams, including both time-honored favorites and new frauds targeted specifically at...
5 Questions to Ask to Avoid Gift Card Scams
In the first nine months of 2021, reports of victim-assisted gift card fraud toppled the previous year's numbers by 28%1. Since education is the most effective crime-stopper, this list of questions can help consumers recognize and avoid buying gift cards for scammers. From romance scams and sweepstakes shams to phony tax audits...
The Psychology of Scams: Real-Life Story
Last April, during school spring break, our family went on vacation to Orlando, Florida. My kids decided against theme parks and we enjoyed the hotel waterslides, game room, and some “off the beaten track” alligator-related activities. It was truly a great family vacation. On the morning of our flight back home we...
Fakers Gonna Fake: How to Detect and Prevent Synthetic Identity Fraud
Confirming the identity of an existing account holder or for a new account opening is an expensive responsibility looming over the financial sector. Without proper oversight and controls, it results in massive losses, regulatory fines, and the threat of reputational damage. As fraudsters become increasingly savvy and their attacks become more sophisticated,...