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Fraud typologies all financial institutions should know

Abrigo

The technology used to perpetrate financial crimes may be changing, but these common fraud typologies aren't going anywhere. 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.

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

Abrigo

Older adults are frequently targeted by various scams that exploit their trust, unfamiliarity with technology, and, sometimes, their social isolation. Romance scams: These scams involve fraudsters building online relationships with elderly victims, often through social media or dating apps.

Fraud 195
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. The Mastercard’s pilot biometric technology , on the other hand, if widely adopted, would require more intensive widespread hardware and software updates.

Industry 471
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Crypto scams & crypto fraud detection for financial institutions

Abrigo

AI-generated phishing emails are grammatically flawless, and deepfake technology allows scammers to impersonate high-profile figures and even executives. Social media scams: The FTC reports that half of those who have reported crypto losses since 2021 said the scam began with an ad, post, or message on social media.

Fraud 195
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Two Perficient Colleagues Quoted in Forrester Report on Emerging Insurance Technologies

Perficient

Perficient insurance experts were interviewed for Forrester’s report, “ The Top Emerging Technologies In Insurance, 2024 ,” and discussed technologies expected to emerge in the insurance industry over the next five years, considering them now, and in the short-term, medium-term, and long-term future.

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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. A Company with a Great Culture and the People to Prove it. There are lots of ways to get involved at Perficient. There was even a virtual retirement party!

St. Louis 530
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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. Scammers can use details shared on dating sites and social media platforms to better target victims.

Fraud 221