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Romance scams, a type of imposter scam where fraudsters pose as real people interested in love or friendship, are becoming increasingly common. In a typical romance scam, fraudsters try to convince their victims to send money using an elaborate story. For example, they might claim they would love to come meet you in person, but you’ll need to send them cash for the flight. Or they might be able to visit next month, but you’ll need to pay off their medical bill first. If someone you met online asks for money or gift cards, remain cautious. Don’t let anyone trick you into giving up your money or personal information. Learn more about fraud: https://brev.is/Ao2j2 #saratoganationalbank #romancescams

Romance scams, a type of imposter scam where fraudsters pose as real people interested in love or friendship, are becoming increasingly common. In a typical romance scam, fraudsters try to convince their victims to send money using an elaborate story. For example, they might claim they would love to come meet you in person, but you’ll need to send them cash for the flight. Or they might be able to visit next month, but you’ll need to pay off their medical bill first. If someone you met online asks for money or gift cards, remain cautious. Don’t let anyone trick you into giving up your money or personal information. Learn more about fraud: https://brev.is/hwqOk #glensfallsnationalbank #romancescams

At least hundreds of millions of dollars have been stolen from consumers via "gift card draining," in which thieves use stolen or altered card numbers to siphon off money before the owner can spend it. The surge in card draining isn't coincidental. In my latest story, we reveal that Chinese organized crime is heavily involved and there's now a federal task force to tackle the problem. Here are the details on "Project Red Hook": https://lnkd.in/g-qAdZsR

#cardfraud #giftcards #prepaidcards Looks like gift cards are still very popular ..... with criminals for card draining. Gift cards / prepaid cards have always been the weakest link in the chain for fraudsters to exploit. Usually, prepaid gets the short shift on transaction monitoring and controls.

National Slam the Scam Day! Scammers often: 🔴 IMERSONATE well-known agencies or organizations. 🔴 Claim there is an URGENT problem or offer enticing prizes. 🔴 URGE immediate action from you. 🔴 DEMAND payment through specific, often untraceable methods. 🔴 DO NOT transfer money or share personal details with such entities – dismiss their attempts. Preventing Scam Victimization: ⚪ Stay composed and consult with a trusted individual. ⚪ TERMINATE the conversation or DISREGARD any suspicious messages. ⚪ AVOID interacting with unknown links or attachments. ⚪ PROTECT your finances. Be wary of demands for payment via gift cards, prepaid cards, wire or money transfers, or cash mailings. ⚪ GUARD your personal data. Exercise caution with unsolicited contacts. ⚪EDUCATE others by sharing your insights on scams, especially those related to Social Security. #SlamtheScam #RecognizeScammers #ProtectYourInfo #DontFallForIt #ScamAwareness #VerifyFirst

"COLORADO SPRINGS, Colo. — If someone contacts you randomly and urges you to move or transfer your money, federal investigators say it’s likely a scam. Local consumer protection experts at the Better Buisness Bureau say they want you to be aware of what’s going on because it's costing some consumers thousands of dollars." Continue to read "FTC issues warning about fraudsters urging people to move money to protect it" #ftc #fraudsters #people #money  #financialhealth #smallbusinesses   #happyclient #shoplocal #callmetoday #companies #karlaweisberg

Have you taken steps to prevent gift card fraud?   Gift cards are commonly used by criminals and fraudsters as a way to launder money in an untraceable way.   Awareness of fraud trends, proper education and implementing controls can help to prevent this.   Read more: https://bit.ly/3U67Avp   #Fraud #GiftCardFraud #AML #AMLCompliance

Mail check fraud has risen 400% since 2019. We've all heard it. How does it happen? Mail carriers have been robbed. Fraudsters steal checks from mailboxes. The checks are altered and deposited or sold online. As a business, how do you protect yourself? - First off, use electronic payment methods like real-time, ACH, or card. They are faster, less costly, more secure, and easily tracked. - If you must use a check, get positive pay or payee positive pay. - Look into eChecks. This service delivers checks via email, and they can be printed on receipt. The recipient can also choose to receive funds via direct deposit. Questions about how to manage fraud? Click to schedule a chat: https://bit.ly/4fKL83N

It’s #TakeFive week, a campaign run by UK Finance to help raise awareness of common scams, helping you to protect yourself from fraud ⚠️ Scammers take advantage of emotions and how we’re feeling, and on some days and in certain situations we’re all vulnerable to falling for their tricks. Follow along this week for more posts on common scams and head to the link below to read our article on these scams and how to check if the requests are legit 🔗