Every 39 seconds, someone falls victim to a cyberattack. Every day, the FBI receives thousands of fraud complaints. Every week, large organizations face near-certain BEC attacks. Every month, millions of dollars vanish into scammers' accounts, never to be recovered. But you don't have to become a statistic. The fraud schemes costing billions of dollars share common characteristics. They exploit predictable human behaviors. They rely on victims not knowing what to look for. They succeed because people don't verify before they trust. This guide gives you the knowledge to recognize these schemes, the tools to prevent them, and the procedures to stop them before financial damage occurs. The $16.6 billion question isn't whether you'll be targeted—it's whether you'll be prepared when you are. Let's get started. https://lnkd.in/e8N6FK_r https://lnkd.in/eaiSNqRP https://lnkd.in/eb2uE_4J https://lnkd.in/eJ8Grdxt
How to prevent cyberattacks and BEC scams
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Victim shaming 101: Do not blame the victim! “It’s not helpful. It’s not true. It can happen to anyone, including me and you!” The world leaves many behind before they realize and/or have an opportunity to do something about it… We don’t need to reinvent the wheel when trusted resources like the AARP already does a solid job of empowering our community. Here are 3 resources to start with and share: 1) Let’s change how we talk about fraud victims: https://lnkd.in/eU7YtZj4 Changing our words can change outcomes. 2) Words Matter: Improving Outcomes for Scam Victims: https://lnkd.in/eC9_xx72 EXAMPLES OF WHAT TO SAY: INSTEAD OF THIS: How could you fall for that? Didn’t you see the flags? SAY THIS: This isn’t your fault – you experienced a crime. INSTEAD OF THIS: You should have known it was too good to be true. SAY THIS: Criminals use lies to convince us they are legitimate and that their claims are true. INSTEAD OF THIS: Fraud only happens to older people. SAY THIS: Fraud affects people of all ages. INSTEAD OF THIS: Get over it. There’s nothing you can do. SAY THIS: You are a crime victim; let’s report it to law enforcement and contact the AARP Fraud Watch Network Helpline for next steps at 877-908-3360. 3) About AARP Fraud Watch Network: https://lnkd.in/e6hghc_B AARP Fraud Watch Network is a free resource for all. You are not alone, our community is not alone, and we are all in this together. This is free knowledge that every person has access to. We can help or guide you in the right direction of trusted resources like the AARP. #cybersecurity #TAKEITLIGHT #cybersecurityawarenessmonth #real #genuine #impact #empathy #words #victimshaming #fraudvictim #cybercrime #financialcrime #support #share #free #resources
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Fraud continues to evolve, from identity theft to financial scams, the risks are real and widespread. Join us in observing International Fraud Awareness Week as we raise awareness in our community and share knowledge to help prevent fraud. Key tips to protect yourself: - Recognise urgent or suspicious requests for sensitive information. - Use strong, unique passwords and enable two-factor authentication. Verify identities before responding to requests, especially from unknown contacts. - Report suspected fraud quickly to authorities and financial institutions. Stay alert and stay secure, prevention is our strongest defence. Be vigilant to safeguard your assets and peace of mind. #WRISE #FamilyOffice #WealthManagement #InternationalFraudAwarenessWeek #FraudPrevention
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What is one of the best defences against fraud? Being aware of the latest trends and statistics, to better inform your fraud prevention strategy. And that’s exactly what we want to help you do ⬇️ In our Q2 2025 Fraud Index Report, we cover: ▪️ The number of fraud applications ▪️ A breakdown of common fraud rates and types ▪️ A summary of the past year, with suspected and confirmed fraud figures Don’t miss out. Get the insights you need to strengthen your business in the fight against fraud: https://lnkd.in/eSkhwdcG #Fraud #FinCrime #FraudPrevention
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A huge thank you to Common Pantry for the opportunity to present an important seminar on Elder Fraud Prevention for our Chicago seniors. Protecting our community is at the heart of what we do, and sharing resources like our SmartShield service is vital in helping seniors stay informed, confident, and safe. During the session, we discussed key red flags everyone should watch for, including: • Urgency or pressure to act immediately • Secrecy, especially when someone tells you not to speak to family or your bank • Requests for passwords, one-time passcodes, or access to your accounts • Unsolicited calls, texts, or emails asking for money or personal information We also reviewed how to report fraud quickly and safely: • Contact the Fraud Hotline available • Forward suspicious emails to the designated fraud reporting email • report concerns, review accounts, or close compromised ones Empowering our seniors with knowledge is one of the best defenses against fraud. Thank you again, Common Pantry , for opening your doors and allowing us to support such an important mission in our community. #Love53 Fifth Third Bank
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Certified Fraud Examiner | Fraud Operations Specialist | PMP® | CBAP® | Risk Management | Business Data Analysis
When we talk about online fraud, our first thought is often the financial loss. But what if I told you the cost is much, much higher? I recently revisited Cassandra Cross’s powerful TEDx talk on online fraud, and her words perfectly capture the critical message we need to share: It's time to stop blaming the victim. Here's the harsh reality that gets overlooked: * The Myth: Victims are often stereotyped as "greedy, gullible, or uneducated." * The Truth: Fraud cuts across all demographics. Victims are successful people in every aspect of their lives who were expertly targeted and exploited. *The Hidden Cost: The impact is far greater than money. Victims experience physical deterioration, severe emotional/psychological problems (including depression and suicidal thoughts), relationship breakdowns, and social isolation. The immense shame and stigma associated with online fraud means victims suffer in silence, afraid to disclose what happened. As professionals and as a society, we must shift our focus to the offenders; those who deceive, manipulate, and exploit. Our first response to a victim must be empathy and acknowledgment, not judgment. The overwhelming desire of every victim is simply to be heard. Let's change the conversation and be the voice that ends the silence. Watch the powerful TEDx talk that inspired this post: Https://https://lnkd.in/gsqW7bYE . . . . . . . . . #OnlineFraud #FraudVictims #Stigma #Empathy #Cybersecurity #FraudAwareness #RBC #FraudStrategist #FraudAnalyst #FraudManager
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Scammers don’t just target strangers. They target people who care. Often, our parents and grandparents. Fraud today doesn’t always look like a stranger on the internet. It can sound like a familiar voice, a trusted company, or even a “grandchild in trouble” asking for urgent help. As more financial information moves online, awareness is the best line of defense. A few small habits can make a big difference: • Verify unexpected calls or emails—especially those asking for personal details or money. • Avoid clicking on links that request payment or login credentials. • Set up fraud alerts and talk regularly with banks, advisors, and family members. Scammers rely on fear and secrecy. The more open the conversation, the safer everyone becomes. Sometimes, a 10-minute check-in can prevent a costly mistake and protect years of careful planning. Share this post as a reminder to protect the people you care about. Your voice could stop someone else from becoming a victim.
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📰 TransUnion's H2 2025 Global Fraud Trends Report is now out! We bring together trends, benchmarks, and identity and fraud expertise from across our global network. 📈 UK Trends within the report reveal: - UK businesses surveyed lost an average of 7.4% of their annual revenue to fraud in the past year, totalling an estimated £88 billion - Top UK fraud types: Scam/authorised fraud (23%), synthetic identity (23%), and account takeover (20%) Download the report here: https://lnkd.in/egyy-aJb
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Most professionals assume they're protected against financial fraud. They're not. Your bank offers free, instant alerts for suspicious charges, unauthorized purchases, and security changes. But these alerts aren't always on by default — and most people never enable them. That's the difference between stopping fraud immediately versus discovering thousands in theft weeks later. Takes 5 minutes to set up. Protects you indefinitely. 👉 How to activate fraud alerts: https://lnkd.in/edgv85NK What's one security setting you wish more people knew about?
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Underwriter @Sbi Card || Credit Risk Analysis || Credit Underwriting || KYC Verification || Decision Making || CDD || EDD || AML & Compliance || Fraud Detection & Prevention || CIBIL Score Analysis ||
🚨 Fraud Awareness: Stay Alert, Stay Secure! 🚨 In today’s fast-moving digital world, fraudsters are getting smarter — but so can we. 💡 Whether it’s identity theft, document tampering, or synthetic fraud, every suspicious detail tells a story. And that’s where awareness becomes our strongest weapon. ⚔️ 💼 A few golden rules for every professional: ✅ Always verify — never assume. ✅ Spot inconsistencies in documents or data. ✅ Stay updated with the latest fraud trends. ✅ Encourage your team to speak up when something feels off. Remember — Fraud prevention starts with awareness. Each of us plays a role in keeping the system fair, transparent, and trustworthy. 🌐 Let’s stay one step ahead. Always. 💪 #FraudAwareness #Underwriting #FinancialIntegrity #KYC #AML #RiskManagement #CreditRisk #SBIcard #FraudPrevention #FinancialSecurity
