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Fraud typologies all financial institutions should know

Abrigo

Variations include: Pig butchering scams Scammers build relationships with victims through social media or dating apps, persuading them to invest in cryptocurrency or other financial opportunities. These scams often take place on dating apps and social media.

Fraud 221
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What is elder financial exploitation? FinCEN guidance for financial institutions

Abrigo

Romance scams: These scams involve fraudsters building online relationships with elderly victims, often through social media or dating apps. Scammers initially build trust through online interactions, often via social media or dating platforms. Check fraud : Check fraud is of significant concern in the U.S.,

Fraud 195
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Crypto scams & crypto fraud detection for financial institutions

Abrigo

In addition, many Americans value online relationships, making them easy prey. 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.

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New Facebook Shops Feature Streamlines Social Commerce

PYMNTS

To enable businesses to more easily list their merchandise on its social media platforms, Facebook has unveiled Facebook Shops. The social media company had allowed companies to list items on Instagram and Facebook in the past. That of course means there’ll be higher conversions and more sales for small businesses.”

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

Abrigo

In the aftermath of the devastating wildfires in California, scam artists exploited the situation by posing as legitimate charities soliciting relief donations through social media, emails, and phone calls. Financial institutions should also: Train frontline staff to recognize red flags and warn customers about emerging fraud trends.

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St. Louis Colleagues Rank Perficient a Top Workplace in 2020

Perficient

Colleagues now engage in philathropic and social activites through technology like video calls, Microsoft Teams , and social media. There are lots of ways to get involved at Perficient. Virtual happy hours have themes like Show-and-Tell or just have fun using Teams to play Pictionary. There was even a virtual retirement party!

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