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Fraud typologies all financial institutions should know

Abrigo

Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details.

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Love and lies: How financial institutions can help prevent confidence scams

Abrigo

Fraudsters create fake profiles on dating apps and social media platforms, using stolen images and fabricated stories to build relationships with their targets. Verify the person's identity and use online tools to cross-check information. Never share personally identifiable information with someone you've just met.

Fraud 221
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Crypto scams & crypto fraud detection for financial institutions

Abrigo

Top 10 crypto scams Crypto scams to watch According to the FTC, the top ten crypto fraud trends to watch are: Investment scams: Investment scams come with "get rich quick" and "no risk" promises, often initiated through social media or online dating apps. In these scams, crypto can be the investment offered or the payment method.

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Facebook Has Been Trying To Obtain Financial Information For Years

PYMNTS

Facebook may be under fire for how it handles the data on its more than two billion monthly active users, but the social media company has been trying to get its hands on financial information from the financial services firms for years, reported The Wall Street Journal. That has been and always will be our priority.”.

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Six Ways to Protect Yourself and Your Family on Data Privacy Day

Perficient

As we mostly are working remotely these days, securing your space when you’re not in the safeguards of the office walls are critical. Perficient places a high value on data security and has several processes and tools in place to protect colleague and client information, but what about the everyday person?

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Protecting customers from disaster fraud: What financial institutions need to know

Abrigo

Protecting customers from disaster fraud In the aftermath of hurricanes, wildfires, floods, and other natural disasters , vulnerable communities often see an uptick in disaster fraud schemes designed to steal personal information or relief funds from would-be donors. Only a scammer will do that.

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Consumers Value Their Social Media But Put Security Onus On Companies

PYMNTS

Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. That may be particularly scary since Forbes reported that Mark Zuckerberg of Facebook got his social media accounts hacked for the third time in 2016.